I am working in the UAE. I want to know whether the salary received in the UAE is taxable in India for the AY 2013-14. I left India on 12th October 2012.
Taxation of Salary Received Abroad
Is there any legal requirement for filing an income tax return regarding the salary received outside India (UAE) and under which form (ITR-1 or ITR-2) the return needs to be filed?
Thanks for your time.
From United Arab Emirates, Sharjah
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Taxation of Salary Received Abroad
Is there any legal requirement for filing an income tax return regarding the salary received outside India (UAE) and under which form (ITR-1 or ITR-2) the return needs to be filed?
Thanks for your time.
From United Arab Emirates, Sharjah
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Yes, irrespective of where you work in India or abroad, it is advisable that you file your returns regularly. Having said that, you will have to file returns for the income you earned in India for the Financial Period 2012-2013. Please collect your Form 16 from your last company in India for the same.
Regarding your income earned in the UAE, as the period accounts for less than 180 days, you would need to consult a Chartered Accountant to understand how it will be treated. If you are on a work visa, you may be exempt. Otherwise, it will be taxable.
Understanding ITR1 and ITR2
ITR1 and ITR2 have their own significance, and it is important to understand them better. You can search on the Internet, and you will find thousands of websites explaining the meaning of both forms.
In short, if you have any residual income such as FD interest, rent from property, income from selling shares, income from other businesses, etc., you will need to file returns using ITR2.
All the best,
Regards,
Ukmitra
From Saudi Arabia, Riyadh
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297Regarding your income earned in the UAE, as the period accounts for less than 180 days, you would need to consult a Chartered Accountant to understand how it will be treated. If you are on a work visa, you may be exempt. Otherwise, it will be taxable.
Understanding ITR1 and ITR2
ITR1 and ITR2 have their own significance, and it is important to understand them better. You can search on the Internet, and you will find thousands of websites explaining the meaning of both forms.
In short, if you have any residual income such as FD interest, rent from property, income from selling shares, income from other businesses, etc., you will need to file returns using ITR2.
All the best,
Regards,
Ukmitra
From Saudi Arabia, Riyadh
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Income tax and form 16.xls