https://www.taxtmi.com/forum/issue?id=105945 Residency-based taxation makes worldwide salary taxable if the taxpayer meets the stay-based residency test. Double taxation relief under the tax-treaty/relief mechanism is calculated by adding Indian and foreign salary to compute tax on total income, deriving an average tax rate, applying that rate to foreign income to get the allowable creditable amount, and allowing relief equal to the lesser of that amount and foreign tax actually paid; a numerical example illustrates the tax credit method. Questions on the correct return form and housing loan interest treatment were raised but not resolved. en-us Wed, 31 Jul 2013 09:25:13 +0530 Thu, 23 Jan 2025 15:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105945 Residency-based taxation makes worldwide salary taxable if the taxpayer meets the stay-based residency test. Double taxation relief under the tax-treaty/relief mechanism is calculated by adding Indian and foreign salary to compute tax on total income, deriving an average tax rate, applying that rate to foreign income to get the allowable creditable amount, and allowing relief equal to the lesser of that amount and foreign tax actually paid; a numerical example illustrates the tax credit method. Questions on the correct return form and housing loan interest treatment were raised but not resolved. Discussion-Forum Income Tax Wed, 31 Jul 2013 09:25:13 +0530 https://www.taxtmi.com/forum/issue?id=105945