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Income tax on commission received in usd

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(Querist)
09 November 2012 I am getting my commission in USD from my US principal for quality check of materials he is buying from Indian Manufacturers. Is there any exemption in Income Tax for this income?
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Arihanth Jain

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Arihanth Jain (Expert)
10 November 2012 No. It is taxable income.
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V K Bajaj

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V K Bajaj (Expert)
10 November 2012 Please follow Arihanth and pay your taxes as it is applicable to Resident person. No special treatment please.

contact@vkbajaj.co.in
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Ajay Jajoo

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Ajay Jajoo (Querist)
10 November 2012 Thanks to both of you, I will do so.
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