Tax Rules for a Resident Individual on a Temporary Foreign Assignment
When an Indian resident travel to another country for a temporary work assignment, it will be termed as “Resident individual on a temporary foreign assignment”.
For example Shilpa gone to UK for 4 months on a temporary assignment and received her salary in Singapore dollars. Her salary credited monthly into her bank account in India. Now, she is returned back to India. How should she file her income tax return?
Filing of tax return is based on Shilpa’s residential status. As you know, Shilpa was outside India for temporary assignment and not live there for more than 182 days. Hence, she will be considered as an Indian resident. She needs to file her income tax this year including the salary that she earned during her foreign assignment.
If her foreign assignment was extended more than 182 days, the residential status of Shilpa would not be the same and she will not be considered as an Indian resident. Now, she needs to file tax only on income earned in India. Shilpa’s foreign income credited into her Indian bank account is taxable in India.
Latest News & Updates
- Nov 30,2020
- Oct 27,2020
- Oct 26,2020
- Oct 24,2020
- Oct 23,2020
- Oct 22,2020
- Oct 21,2020
GSTR 3B for August 2020 (15 States/UT’s - Chhattisgarh, MP, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, TN, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh) Oct 1st, 2020
GSTR 3B for August 2020 (22 States/UT’s - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) Oct 3rd, 2020
GSTR 1 for September 2020 (turnover more than INR. 1.50 Crore) Oct 11th, 2020
Monthly GSTR 6 for September 2020 Oct 13th, 2020
Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for September 2020 Oct 10th, 2020
Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for September 2020 Oct 10th, 2020
CMP 08 for July to September 2020 Oct 18th, 2020
GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for September 2020 Oct 20th, 2020
GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for September 2020 Oct 20th, 2020
GSTR 3B for September 2020 (Annual Turnover of more than Rs 5 Cr in Previous FY) Oct 20th, 2020
GSTR 9 and 9C (Annual Return) FY 2018-19 Dec 31st, 2020
GSTR 1 (Quarterly) for July to September (Summary of outward supplies where turnover is upto Rs 1.5 crore) Oct 31st, 2020
Annual GSTR 4 for FY 2019-20 Oct 31st, 2020