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Q. > Please Help: income tax
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476 views • Question added Jun 24, 2011 • Income Tax • By Ram Prasad , faridabad


For ITR -
My current organization is Neoris, Spain. I am not a direct employee but work as contractor. The company does not deduct tax at source. It pays me in my NRE account in India.
what should be the tax treatment.

2 Answers

answered Jun 24, 2011 by CA. Sachin Data , Alwar

Does the Company have an established place of business in INDIA????


answered Jun 24, 2011 by ca nitin

if there is no establisement in india & income earned outside india than such income not taxable in india


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Ram Prasad

24-Jun-2011 , 12:27:48 pm

it is a foreign company having establishment based in spain .

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Ram Prasad

24-Jun-2011 , 01:48:42 am

as nre account is maintained in india hence direct transfer of payment by company in that a/c without deduction of tds whether treated as income received in india ???

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Ram Prasad

24-Jun-2011 , 01:51:26 am

if the nre account is maintained in india interest accuring on the fund held in the account will be treated as income accrue in india u/s 9 of the income tax act??

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SUMIT GOEL

30-Jun-2011 , 06:58:04 am

If your residential status is a resident indian all the income which accrues or arises any where in the world is taxable. However if your residential status is Non Resident then the income which accrues and arises in india is subject to tax.

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