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Syed Farooq (Querist)
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26 August 2011 My cousin had returned from Dubai, He was Heading the Structural Design Dept of a construction comapany he has a savings account in dubai and he still has a visa from his employers as they want his services ( on consultancy basis).He has joined a Multinational in Mumbai and has obtained a PAN Card.His income tax is being deducted as TDS.

He wants to transfer amounts for his dubai account to his savings account in India.Does this transfer attract any income Tax or other taxes.Will his income by way of consultancy be tax free ( like for other NRI's).

Please clarify.

Best Regards

Farooq

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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26 August 2011 First of all one NRI account is to be opened and that amount is to be transferred in that account. That will not attract any tax but he must have the proof of his earning there in Dubai. Also inform RBI for transfer of dunds.

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