income tax liability on foreign remittance


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 April 2010 I have a proprietorship firm in India providing services for software development. I provided service to one client in Europe and received payment in Euro on Sep 2009. What will be the income tax liability on this foreign remittance in India?

01 April 2010 This is income from exports of services and will appear in your P & L A/c under sales

01 April 2010 its your PGBP income normal tax rate apply

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Querist : Anonymous

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01 April 2010 Unable to view reply, so please provide the reply again

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Querist : Anonymous

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01 April 2010 Thanks

01 April 2010 its your PGBP income normal tax rate apply


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