Tax Deduction From Salary
April 1st, 2009
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Question: provision under which salary from british redcross london is exempted under income tax act india?
i joined british red cross, london in month of jan 2007. under what section/provision/rule of income tax act, india,i can claim exemption/deduction from my salary i received from ngo, as there is a treaty of double tax avoidance and this salary is exempted in britain. i get salary from this international ngo.
Answer: Hello following is clarification for your querry-
When is the income of an Individual chargeable to tax?
< Meaning === means next column>
Source of Income ======R & OR== R & NOR N===R
INDIAN INCOME:
Income received or deemed to be received in India during the current financial year =======T =T= T
Income accruing for arising or deemed to accrue or arise in India during the current financial year =T= T= T
Income accruing or arising or deemed to accrue or arise outside India, but first receipt is in India during the current financial year =T= T= T
FOREIGN INCOME:
Income accruing or arising or deemed to accrue or arise outside India, but first receipt is outside India, during the current financial year. =T= NT= NT
Income accruing or arising outside India from a Business / Profession controlled from India during the current financial year. T =T= NT
Income accruing or arising outside India from any source other than Business / Profession controlled from India =T= NT =NT
R & OR: Resident and Ordinarily Resident
R & NOR: Resident and not Ordinarily Resident
NR: Non-Resident
T: Taxable
NT: Not taxable
Kindly provide the details about ur residential status.
This will definitely work for you
I am a CA Final year student.
Bye
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