Section 102 deals with Salary received from Foreign-Source by-02034
This subjective question is related to the book/course
vu mgt502 Organizational Behaviour.
It can also be found in
vu mgt502 Mid Term Solved Past Paper No. 3.
Question 1: Section 102 deals with Salary received from Foreign-Source by resident individual. What is the tax treatment of such salary?
Answer:
Foreign Source Salary of Resident Individuals Sec. 102
- (1) Any foreign-source salary received by a resident individual shall be exempt from tax if the individual has paid foreign income tax in respect of the salary.
- (2) A resident individual shall be treated as having paid foreign income tax in respect of foreign-source salary if tax has been withheld from the salary by the individual's employer and paid to the revenue authority of the foreign country in which the employment was exercised.
