Encashments of balance dollars
This query is : Resolved
23 January 2015
An employee received dollars for on site purpose in abroad. The employee managed to save some and brought it to india . Such dollars were encashed . Is encashment of such saved dollars in india is it treated as income.
23 January 2015
To the extent of REASONABLE dollar saved, it is NOT taxable.
What is reasonable is to be answered with respect to the concerned situation.
What is reasonable is to be answered with respect to the concerned situation.
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