Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > Examples of Place Where Salary is Deemed to Accrue or Arise in India
Examples of Place Where Salary is Deemed to Accrue or Arise in India Video Lecture | Income Tax for assessment (Inter Level) - Taxation
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FAQs on Examples of Place Where Salary is Deemed to Accrue or Arise in India Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. Where does salary accrue or arise for taxation purposes in India? |  |
Ans. Salary is deemed to accrue or arise in India if the services are rendered in India. It does not matter whether the salary is paid in India or outside India, as long as the services are performed in India.
| 2. What if a non-resident Indian receives salary for services rendered outside India? | |
Ans. If a non-resident Indian receives salary for services rendered outside India, it will not be deemed to accrue or arise in India for taxation purposes. Non-resident Indians are only taxed on income earned or received in India.
| 3. Is salary earned by an Indian citizen working abroad taxable in India? | |
Ans. Salary earned by an Indian citizen working abroad is taxable in India if it accrues or arises in India. However, if the individual qualifies as a non-resident under the Indian tax laws, they may be eligible for certain exemptions or deductions.
| 4. Can a foreign company be liable to pay tax in India on salary paid to its employees working in India? | |
Ans. Yes, a foreign company can be liable to pay tax in India on salary paid to its employees working in India. If the services are rendered in India, the salary is deemed to accrue or arise in India, and the foreign company may be subject to Indian tax laws.
| 5. What are the consequences of not paying tax on salary deemed to accrue or arise in India? | |
Ans. Not paying tax on salary deemed to accrue or arise in India can lead to penalties and legal consequences. The tax authorities may initiate proceedings against the taxpayer, impose penalties, and require the payment of the outstanding tax amount along with interest. It is important to comply with the tax laws to avoid any adverse consequences.
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Nov 16, 2024 Last updated |
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