Paypal account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2016
Person is a NRI currently, a salaried employee and hence has NRE account in India. Side by side he has provided professional services to a company in another country. He has Paypal account in India and as per employer in another company the fee for his professional need to be credited to his Paypal account. Since it is convenient for them to credit the payment to Paypal account then to Indian NRE account.
Since his current status is NRI hence income from other source will also not be taxable. however how to declare Paypal account amount in ITR. Also pl. advise how to treat such income.
Since his current status is NRI hence income from other source will also not be taxable. however how to declare Paypal account amount in ITR. Also pl. advise how to treat such income.
04 August 2016
Show it under exempted income.
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