US to india money transfer taxable or not?
This query is : Open
06 January 2011
Hi
My company has sent me to US for work.
I need to transfer some money back in india.
So if i transfer it to my saving account in india will that be taxable as i am paying my tax here.
or
do i need to create a NRE or NRO account and transfer to that account.
Please let me know if u need further info.
Thanks for replying.
My company has sent me to US for work.
I need to transfer some money back in india.
So if i transfer it to my saving account in india will that be taxable as i am paying my tax here.
or
do i need to create a NRE or NRO account and transfer to that account.
Please let me know if u need further info.
Thanks for replying.
09 January 2011
You may transfer the money through NRE account.
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