Hi friends,
If someone wants to transfer money say $5,000 to India via e-transfer.
Will it be chargeable to tax in India although tax has been paid on it in US?
shiksha soni (accountant) (149 Points)
05 October 2013Hi friends,
If someone wants to transfer money say $5,000 to India via e-transfer.
Will it be chargeable to tax in India although tax has been paid on it in US?
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 05 October 2013
is it transferred to his own a/c or to third person?
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 06 October 2013
Hi
Yes you can transfer fund to NRE A/c and that will be tax free. No tax will be deducted on it while transferring fund to NRE A/c.
Thanks
CAclubindia
