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TAX Problem Help?


I was NRI till 15 th March 2007 and returned to India for good. I was having a payment due from the comapny which is in abroad and they are going to pay in April 2008. I am an Income tax payer for the year 2007-2008 financial year.
My question is the money I am getting paid this month which was due in march 2007(I was an NRI that time) is that taxable for 2008-2009 financial year?

Your old company will be sending your from abroad and they will send you the payment in USD. Credit that amount in your NRE a/c. If you do not have NRE A/c, then credit it in any other account. It is not taxable in India as the payment is towards old dues from a foreign company. Keep the proof with you.

are u worked as an employee
if yes following is applicable
the payment is made in the month of april-08
if it is pertaining to a dues of 15th march 2007 and before that date, it is not taxable in india
because u an NRI during that years

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