Itr related query
This query is : Resolved
Anirban Chatterjee
(Querist)
20 April 2019
SIR I have a small question . if any person resides outside india for job purpose & he sends every month money in his home. now he decide starting a new retail business in India &also doing his own job in outside india. So sir when he sends money in India he tax paid in that country. my question is that moneyhow to show in ITR file ?? Please guide me.
Regards
Anirban Chatterjee
Regards
Anirban Chatterjee
Nikhil Kaushik
(Expert)
21 April 2019
the money sent to india is a remittance. In the ITR, the amount being used for business may be shown as Capital. Rest of the amount wont find a mention in the ITR.
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