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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 Place Where Salary is Deemed to Accrue or Arise in India Video Lecture - Income Tax for assessment (Inter Level) - Taxation

1. What is the concept of "Place Where Salary is Deemed to Accrue or Arise" in India's taxation?
Ans. The concept of "Place Where Salary is Deemed to Accrue or Arise" refers to the location or jurisdiction where an individual's salary is considered to have been earned for the purpose of taxation in India. It determines the tax liability of individuals based on where their salary is deemed to have accrued or arisen.
2. How is the place of accrual or arising of salary determined in India?
Ans. The place of accrual or arising of salary in India is determined based on various factors such as the individual's residential status, the location of employment, the nature of employment, duration of employment in India, and other relevant factors. The income tax authorities consider these factors to determine the place where the salary is deemed to have accrued or arisen.
3. What are the tax implications of the place where salary is deemed to accrue or arise in India?
Ans. The tax implications of the place where salary is deemed to accrue or arise in India determine the tax liability of individuals. If the salary is deemed to have accrued or arisen in India, it will be subject to income tax in India. However, if the salary is deemed to have accrued or arisen outside India, it may be exempt or subject to different tax rules under the Double Taxation Avoidance Agreements (DTAA) between India and the relevant country.
4. Can a non-resident Indian (NRI) be taxed in India based on the place where their salary is deemed to accrue or arise?
Ans. Yes, a non-resident Indian (NRI) can be taxed in India based on the place where their salary is deemed to accrue or arise if it is considered to have accrued or arisen in India. NRIs are subject to Indian income tax on income earned or deemed to be earned in India. However, if the NRI is eligible for any exemptions or benefits under the DTAA, they may be able to reduce their tax liability.
5. Are there any exceptions or special rules for determining the place where salary is deemed to accrue or arise in India?
Ans. Yes, there are exceptions and special rules for determining the place where salary is deemed to accrue or arise in India. For example, income earned by a non-resident individual for services rendered outside India is not deemed to have accrued or arisen in India and may be exempt from Indian income tax. Additionally, certain specific professions or employment categories may have specific rules for determining the place of accrual or arising of salary. It is essential to consult with tax experts or refer to the relevant tax laws for specific cases.
405 videos|72 docs
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