Tax Rules for a Resident with Global Income

An individual Indian resident working in many countries of the world will be termed as “Resident with Global Income”.

How are You Texad When You are a resident with Global Income

For example In case you are an Indian resident but earning income from other foreign countries, you need to pay tax on your global income in India. Tax is levied even if you have earned or received that income outside. If for one income you are paying tax in India and in another country too, you can take the benefit of Double tax avoidance agreement (DTAA). If you are an Indian resident and earned any income from abroad, it is mandatory to disclose that income in your income tax return.

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Due Dates

  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for Mar 2021

    Apr 10th ,2021
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for Mar 2021

    Apr 10th ,2021
  • GSTR 1 for Mar 2021 (turnover more than INR. 1.50 Crore)

    Apr 11th ,2021
  • GSTR 6 (Details of ITC received and distributed by ISD) Monthly Filing Due Date for Mar 2021

    Apr 13th ,2021
  • Last date of depositing the fifth instalment of advance tax (if liable to pay any) for FY 2020-21 for individual and corporate taxpayers

    Apr 15th ,2021
  • GSTR 3B for Mar 2021 (Annual Turnover of more than Rs 5 Cr in Previous FY)

    Apr 20th ,2021