How to calculate income tax if 7 months in India and 4 months in new Zeland

[Prasad Pagadala]

Hi there,

In FY 2012-13, my Indian income was from 01-04-2012 to 09-11-2012 and overseas (New Zeland) income was from 06-12-2012 to 31-03-2013. Both incomes are from salary only. My queries are:

1. Which ITR from I should use to file the return? (for previous years I had sued ITR-2 form)

2. I have a house property with three floors. I had rented out ground floor fully in FY 2012-13 and rented out 1st & 2nd floors for a period of 3.5 months (Dec 15, 2012 to 31-03-2013) since I have moved with my family to New Zeland in December 2012 and presently living in New Zeland. I have a houisng loan and earlier years I used to take interest of 1.5 lakhs into my calculations. In the present situation, do I have to consider 1.5 laksh or can I consider full HL interest in to calculations (I have paid 2.26 lakhs as interest on the loan in FY 2012-13)?

3. Is my income earned in New Zeland taxable in India? I receive my salary here after 25% tax is deducted by my employer every month. Please note I am still a RESIDENT of India. I am here on a WORK VISA.

4. How to combine indian and overseas income and file my return.

Your advise will be of great help.

Thanks & regards,

Prasad

AI Summary

Advice on Taxing Global Income: Indian Resident Seeks Guidance on ITR Form, Rental Income, and Section 90 Relief. An individual sought advice on calculating income tax for the financial year 2012-13, having earned income in India for over 182 days and in New Zealand for four months. Queries included which ITR form to use, how to account for rental income and housing loan interest, and whether New Zealand income is taxable in India. A respondent clarified that global income is taxable in India if residency criteria are met, and relief under Section 90 can be claimed for taxes paid in New Zealand. The individual was advised on calculating tax relief by comparing Indian tax liability with foreign taxes paid.