I tax on foreign currency earning
This query is : Resolved
Abhilash chandra
(Querist)
21 December 2011
Dear Sir,
One of my client(Indian-Individual)) is working in Delhi as Marketing Consultant for a Italian Co.. His fee (500 Euro)is being remitted to his bank a/c from Italy in Euro every month.
Please advise me his Tax Obligation & Calculation.
Thanks
Abhilash
One of my client(Indian-Individual)) is working in Delhi as Marketing Consultant for a Italian Co.. His fee (500 Euro)is being remitted to his bank a/c from Italy in Euro every month.
Please advise me his Tax Obligation & Calculation.
Thanks
Abhilash
CA Abhishek Rana
(Expert)
22 December 2011
the consulting income received by your client shall be taxable in India as Income from Profession.
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