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Payment received in foreign currency

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(Querist)
01 October 2014 Sir

we are exporter of ready made garments, we had received USD 100000.00 form overseas buyer without any kinds of exports.

Sir my question is above USD received it taxable or not.

Thanks
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RAJIV VIJ

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RAJIV VIJ (Expert)
02 October 2014 If you have recd this amount against future export then it is not taxable.it is advance recd from customer.

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