NRI remittance to India
This query is : Resolved
01 February 2009
If an NRI as per income tax act remitts money earned outside India in foreign currency to his own account in indian currency through an authorised money exchange agent, will such remittance be taxed in India in his hands?
Quote section reference, if any.
Thanks
Quote section reference, if any.
Thanks
01 February 2009
If NRI sends the money in foreign currency to his own account then he need not pay tax on the same.
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