Inward remittance of salary in usd to resident
This query is : Resolved
Nitin Saxena
(Querist)
06 June 2019
Hi All,
I am a Indian Resident from Delhi and I have started working for a Singapore based company which donot have office in India. They have issued me an Job offer letter to work from India and they will pay me salary in USD per month in my saving account. What will be the tax implication, how to pay it and will it come under FEMA act? Do I have to submit copy of offer letter to bank also?
Please share your views. Thanks in Advance.
Nitin
I am a Indian Resident from Delhi and I have started working for a Singapore based company which donot have office in India. They have issued me an Job offer letter to work from India and they will pay me salary in USD per month in my saving account. What will be the tax implication, how to pay it and will it come under FEMA act? Do I have to submit copy of offer letter to bank also?
Please share your views. Thanks in Advance.
Nitin
Amol S Joglekar
(Expert)
06 June 2019
you can pay tax on advance tax basis, at your own
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