Foreign income earned and converted in different FY

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..... Dear Sir/Madam, I have a query related to taxation on foreign income if earned and converted in two different FY. If an individual has been out of India for employment purpose for 187 days in a FY, .....

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..... the status of individual turns to NRI. The salary income earned by that individual for that FY becomes exempt from tax. But what if the individual carries some amount of salary received in foreign c .....

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..... urrency itself and do not convert to INR and converts the same in INR in next FY when the individual status will be Resident. Will that foreign currency converted to INR in next FY becomes taxable in .....

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..... that FY although the income earned outside India when the individual was NRI. Thanks, Shikha Mahawar - Foreign income earned and converted in different FY - Query Started By: - Shikha Mahawar Dat .....

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..... ed:- 11-7-2017 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

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..... a.com - TMI - TaxTMI - TMITax .....

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