Home |Tax returns filing |
I am moving to Cambodia for a long-term assignment. I am told that India does not have a Double Taxation Avoidance Agreement (DTAA) with that country. Will I have to include my income in Cambodia in the India tax return as well, and pay tax on it again in India?
I am moving to Cambodia for a long-term assignment. I am told that India does not have a Double Taxation Avoidance Agreement (DTAA) with that country. Will I have to include my income in Cambodia in the India tax return as well, and pay tax on it again in India?
Share
AshithaAnswered on February 11,2020
Since you are moving to Cambodia for a long term, you may no longer be resident of India for tax purposes. Please check the conditions that apply to see whether you will be a tax resident in India for the said financial year. Do note that income earned in India will continue to be taxed in India even when you are a non-resident in India. Therefore, you will have to file a tax return in India. Non resident Indians (NRIs) do not have to include income earned abroad in their tax returns filed in India. It is likely that your total income will be taxable in Cambodia according to local laws. If there is no DTAA between two countries, the taxpayers may claim benefit of section 91 relief.
235 views
Related Questions
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on May 10,2021My son is an NRI and his tenant has to deduct TDS (Tax Deducted at Source) every month and deposit in the bank. After every quarter, he has to submit Form 27A and 27Q online and then generate Form 16A. Is it possible that I deposit TDS amount as advance tax every month in the bank?
As per Income Tax Act, TDS has to be deducted under sec 195 of the Act in these type ...
2
0
405
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on November 24,2020I am a senior citizen and the length of income tax return form 2 or ITR 2 is worrying. Is it necessary for a Non-Resident Indian (NRI) to fill the Schedule of FSI, tax relief (TR), Foreign Assets (FA)?
If its not applicable to you, leave that. You have to give your ID number issued by the Country ...
2
0
252
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on November 22,2020I am a non-resident Indian (NRI). I do (Systematic Investment Plan)SIPs in six equity mutual fund schemes that amount to INR1.8 lakh a month. I do not have any income in India and every year I get refund for tax deducted at source (TDS) of debt funds. I would like to churn my portfolio (units that have completed 1 year) every year before 31 March and reinvest the amount in same plan before 31 March. Will long-term capital gain tax (LTCG) tax reflect on my 26AS certificate? Can I claim refund as I do not have any income in India?
Since you are an NRI and investments had made as the capacity of NRI, TDS will be deducted on ...
2
0
475
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 13,2021I am an Indian resident. Can I ask the US firm to deposit the money directly into my India bank account? What will be the interest rates paid to me by the banks in India? Will the US firm be expected to deduct TDS and remit to income-tax department in India and give me proof of such deposit in Form 16. Will I need to charge Goods and Services Tax, (GST) on the earnings and remit to government?
If you are working as a consultant of US company you have to take registration under GST Act. Form ...
2
0
1193
-
Thankachan John
Rtd Motor Vehicles Inspector, Insurance Surveyor and Accident Investigator . Answered on May 12,2021What is the road tax amount for yellow board vehicle while purchasing?
It depends upon the seating capacity, floor area etc.
1
0
103
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 02,2021How to do ITR filing on Capital Gains, both Short Term and Long Term ?
File ITR 2.The form is little complicated; you have to know the basics of income tax act wrt to ...
1
0
69
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 06,2020Is GST registration compulsory for startups with no revenue ?
Not compulsory. If you are in service sector upto Rs.20 lakhs turnover GST registration is not mandatory. And in ...
1
0
352
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 10,2020How can I verify a GST bill as real or fake ?How I can verify a GST bill? Is it real or fake? Is it necessary to print the GST registration number on the bill ?
It is mandatory to show the GST registration number on every bill issued by a registered person. You can ...
1
13
256
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 09,2020What if the GST return is not filed for 6 months ?
You have to face heavy penalty for non filing of return. If govt come out with an amnesty scheme ...
1
0
221
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 06,2020What will happen if I never submit any GST return file?
You have to end up with paying huge penalty. So please don't do that.
1
0
81
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 05,2020Do we need a CA to file a monthly GST return or Can I do it myself ?
It depends on the complexity of your business. If it is NIL return, you can file. But if there ...
2
64
1273
-
Indian Highways Management Company Limited
Answered on February 11,2021What is the difference between fast tag balance and wallet balance because my fastag balance is 300 and wallet balance is nil. So can I pay toll tax in my fastag ?
Yes you can pay your toll through your fastag. Wallet balance is basically your account balance and fastag has ...
2
631
18249
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on December 25,2020I want professional tax certificate for my firm. How to apply and where?
Professional Tax is levied by local authorities. Your firm can give a certificate based on the tax paid to ...
1
0
35