Payment to non resident.
This query is : Resolved
16 April 2015
I wanted to know that what are the tax implications of payments made outside of India throgh credit cards?
And if a NRO a/c is transferred to NRE whether is it taxable?
And if a NRO a/c is transferred to NRE whether is it taxable?
16 April 2015
Tax not payable for payments made through credit card outside India for purchases and services received out side India.
Transfer from NRO a/c to NRE (same person)is not taxable but tax has to be paid on earnings in India credited to NRO a/c.
Transfer from NRO a/c to NRE (same person)is not taxable but tax has to be paid on earnings in India credited to NRO a/c.
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