GulfHindi English Desk: The deadline for filing Income Tax Returns (ITR) is approaching in our country. It is necessary for us to show our income and pay taxes on it. The citizens of our country earn income from various sources 👉some earn in the country while others earn money abroad.
For those who work in India for some time and then go abroad, a common question arises whether they have to file income tax in India. If yes, then how and what things should they keep in mind while filing?
If you stay in the country (India) for 182 days or more in a financial year, you are considered a resident and your global income, i.e., income earned worldwide, comes under the purview of Resident Indian for tax purposes. This means you have to pay taxes on your income earned in both the country and abroad.
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👉The current time is for filing our income tax return in our country.
👉Our country’s citizens earn income from various sources 👉some earn in the country, while others earn money abroad.
👉People who work in India for some time and then go abroad often wonder if they need to file income tax in India.
👉If you reside in the country for 182 days or more in a financial year, you are considered a resident and your global income, earned both in the country and abroad, is subject to tax.
👉When filing income tax returns, foreign salary should be shown under the “Income from Salary” head. The salary received in foreign currency should be converted to Indian rupees and details of the employer should be provided. If any tax is deducted on this salary, it can be claimed as a tax credit.
👉Double taxation can be avoided by
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