In this era of globalisation, an individual’s earnings is often from across the border. He can be a resident of one country, but earning income from other countries in a particular financial year. Such a situation is an indicator of progress and increased opportunities for an individual. However, at the same time issues and complexities surrounding taxation of such income in home country of the individual or at source country often gives sleepless nights to the individual.

Shailesh Kumar, Director- Direct Taxation contributed an article on How offshore income could be taxed twice for Financial Express.