Do I owe NRI tax on excess per day allowance that I have saved?
Do I owe NRI tax on excess per day allowance that I have saved?
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External question — Personal Finance Stack Exchange
Author: brc
Original post: https://money.stackexchange.com/questions/48868
License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/
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I work for a multinational IT company, based out in India. At the beginning of 2014 I came to Europe for office work for a short term duration. But then the stay got extended and I happened to stay there for the entire Financial year of 2014-15.
As compensation, I always got the Indian salary (for which TDS has been deducted as usual) and in Europe I got per day allowance to compensate the living cost differences.
My question is, if I save a chunk of money from my per day allowance and I bring/remit those to India, should I have to give tax for that?
I didn't have any Foreign account during this time. The per day amount in Euro has been deposited in a Forex card of an Indian bank.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: brc Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/48868 License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I work for a multinational IT company, based out in India. At the beginning of 2014 I came to Europe for office work for a short term duration. But then the stay got extended and I happened to stay there for the entire Financial year of 2014-15. As compensation, I always got the Indian salary (for which TDS has been deducted as usual) and in Europe I got per day allowance to compensate the living cost differences. My question is, if I save a chunk of money from my per day allowance and I bring/remit those to India, should I have to give tax for that? I didn't have any Foreign account during this time. The per day amount in Euro has been deposited in a Forex card of an Indian bank.
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