Srinivas K
Executive
[ Scorecard : 37]
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Posted On 23 June 2009 at 16:31
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Hi Friends,
I received online money transfer from USA through ICICI bank around Rs.50000/- in the year 2008-09. Is that money taxable? If so under what head?
Thanks in Advance :)
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R.Suresh
Executive
[ Scorecard : 361]
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Posted On 23 June 2009 at 16:35
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Hi Srinivas,
Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not
Either that money received for u given a service to USA or what purpose
please mentioned the purpose clearly, than only know that wheather it is ataxable or not
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Srinivas K
Executive
[ Scorecard : 37]
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Posted On 23 June 2009 at 17:22
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| Originally posted by :R.Suresh |
| " |
Hi Srinivas,
Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not
Either that money received for u given a service to USA or what purpose
please mentioned the purpose clearly, than only know that wheather it is ataxable or not |
" |
Hi Suresh,
Let us assume that the money is for the services from india.
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Prem Kumar
Articled student--Final
[ Scorecard : 332]
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Posted On 24 June 2009 at 13:10
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Then it will be taxable in the head of Income From business or profession
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