Tax on foreign remittances
Querist : Anonymous
I am Babu from Chennai. My brother is working in South Africa and he is depositing his Dollar salary in my savings account.He never filed his IT returns in India. He employed there recently four months back in June'2011.
Now my doubt is what is the tax implication on his remittances to India.
Thanks in advance
BABU
Anuj
+91-9810106211
femaquery@gmail.com
Querist : Anonymous
Thanks for your response. I understood that there is no tax on this income for my brother. But my worry is since it is deposited in my account what about tax implications on me.
Thanks in advance
babu
Anuj
+91-9810106211
femaquery@gmail.com
Querist : Anonymous
Thank u very much.
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