I am a Indian. I received foreign currency by my friend is it taxble or exempted ?
I am a Indian. I received foreign currency by my friend is it taxble or exempted ?
HAVE YOU REC'D THE SAME AS A GIFT???
THEN ITS NOT U R INCOME,
WILL YOU REPAY THIS AMOUNT??
OK
SEE BASICALLY AS PER IT ACT ANY AMOUNT REC'D IN INDIA WILL BE TAXABLE FOR RESIDENT PERSON OF INDIA.
CAclubindia
