29-April-2024
Taxation
 
Relief for taxpayers going abroad on business visa: ITAT Ruling
15-Apr-2024

Some Indians go abroad as employees, while others choose to work for themselves. Being Indian citizens, both are subject to the income tax laws of the country. But, will ’employment’ will be governed by similar tax laws as ‘self-employment’ for these taxpayers generating overseas income? Mumbai ITAT Rules that the term “Employment” under Section 6 – Explanation 1(a) of the Income Tax Act, 1961 shall include “Self-Employment”

News Source:- https://www.financialexpress.com/business/investing-abroad-relief-for-taxpayers-itat-rules-employment-outside-india-to-include-self-employment-3452329/
 
 
 

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