Bonus received in respect of Employment shall be Taxable only in Contracting State and not in any Other State: ITAT allows Foreign Tax Credit [Read Order]

ITAT - Foreign Tax Credit- Employment - Contracting State - Bonus - Bonus received in respect of Employment - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the bonus received in respect of employment shall be taxable only in the contracting state and not in any other state. The assessee had filed his return of income declaring a total income of Rs. 1,42,58,599/-. The assessee had declared income under the…

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