Foreign remittances
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2014
A business man receives a foreign remittance of rs.70,00,000 to india (to his business) for promoting the business, thro the bank transaction. Is it taxable for such business man ???
pl reply me at vrsandco@yahoo.com
pl reply me at vrsandco@yahoo.com
Rupesh Jain
(Expert)
22 May 2014
amount sent by some company for promoting foreign co. then he spent the money and file the return of income tax .
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