Comment posted on Income tax calculator for 2012-13 and Budget 2012 update by Ashish.
I did google and found that such income is taxable but one can get benefit using DTAA, I read country specific articles listed in below link, it says that salary will b taxed in country where it is earned but it is not clear whether saving from such income if transferred to India then is it taxed again and how much?
Ashish also commented
If any one is deputed for international assignment on work permit from his company and his resident status is RI (not NRI), then transferring money from foreign earning to Indian account will be added to current year income?
An IT guy, worked till Dec in India and moves to Europe for company assignment on work permit, here is paying tax in European country for Europe salary and also tax on Indian salary. If he transfers his saving from Europe to India in Mar, then will that amount be added to his current year India income and liable for income tax?
- Hi Pankaj,
In past I always submitted my IT-return directly at IT office.
But this time I am out of India from last 6 month, and my current
status is NRI (may change when I am back in India again in same
financial year). Since I was RI for AY 2012-2013 (FY 2011-2012) so I believe NRI
rules doesn’t apply on me, and I can submit return online and send signed acknowledgment to IT-CPC electronic city office B’lore. In website it is strictly mentioned to send through normal post or speed post.
There are two option for me
1. Send it directly through International post.
2. Send it to my family in India through international post and ask them to
send it through speed post.
Please suggest which of the above two option is correct