TaxTMI 
TaxTMI 
Foreign income earned and converted in different FY
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....oreign income earned and converted in different FY<br> Query (Issue) Started By: - Shikha Mahawar Dated:- 11-7-2017 Income Tax<br>Income Tax<br>Dear Sir/Madam, I have a query related to taxation on f....
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....oreign income if earned and converted in two different FY. If an individual has been out of India for employment purpose for 187 days in a FY, the status of individual turns to NRI. The salary income....
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.... earned by that individual for that FY becomes exempt from tax. But what if the individual carries some amount of salary received in foreign currency itself and do not convert to INR and converts th....
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....e same in INR in next FY when the individual status will be Resident. Will that foreign currency converted to INR in next FY becomes taxable in that FY although the income earned outside India when t....
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....he individual was NRI. Thanks, Shikha Mahawar<br> Discussion Forum - Knowledge Sharing ....