asriramv
Oct 7, 2007, 08:12 AM
I am on a 6 month assignment to work in my parent company in USA from India(where I am permanantly employed).
For my tenure of stay, I have been told that all remittances to my local bank account in $ are Tax Equalized - meaning I will not be liable to pay any more or any less tax than what I am currently paying in my home country. Beyond this information, I do not have any system of record like Pay slip or et al.
I would like to know what will be my tax liablility if I were to send some dollar remittance to India - will I be liable to tax there too - if yes what %? And what documentary proof would I need, to avoid double taxation?
For my tenure of stay, I have been told that all remittances to my local bank account in $ are Tax Equalized - meaning I will not be liable to pay any more or any less tax than what I am currently paying in my home country. Beyond this information, I do not have any system of record like Pay slip or et al.
I would like to know what will be my tax liablility if I were to send some dollar remittance to India - will I be liable to tax there too - if yes what %? And what documentary proof would I need, to avoid double taxation?