Thanks for ur advice. But, still I have some doubts.
1. Should I have to file income tax returns for the year 2006-07 in India for the income received abroad (April 07 - June`07) and the income I will be receiving from (july 07 to March 07) in India. In this case, how I will get back the tax deducted (the tax amount is calculated assuming 0% rebate, the rebate is claimed only on filing the return) by my foriegn company and paid to the income tax department abroad. Secondly, can I get any exemption for the income obtained from the foriegn country for April 07 to June 07.
2. Will it be alright (I am sure it may not be so) if I file income tax returns in both the countries separately ie., for the income from Jan 2007 to June 2007 abroad (I stress again, the financial year is Jan to Dec)and for the income from July 07 to March 07 in India. In this case, I can get back the excess tax from the income tax department abroad.