For linking trade between UAE and indonesia i am receving commission on percentage basis in india. kindly advise whether a service invoice to be raised? if so how tax to be charged. 2. 10 years i was employed in indonesia since more than a year i am in India. i have my NRI account in india. can the commission taken in NRI account? and will i have to pay tax.
27 September 2016
1 No service tax applicable on this service as the service is rendered out side India. 2 No tax payable on income earned out side India as you are a resident but not ordinarily resident.
As mentioned currently i am in India from more than 365 days. so for any foreign currency received in my account should i have to pay tax. if so how much should i pay.
27 September 2016
If your stay in India during the previous 7 years exceed 730 days, then only your foreign income is taxable in India. So presently you need not pay any tax on foreign income.