Respected Members,
I am filing a form 146 for assessee. This assessee is transfering his own fund from India to Australia. above 5 lakhs.
In form 146 there is a point No- 27 Taxability under the provision of Income Tax Act (without Considering Double Taxation Avoidance Agreement (DTAA)
a. is remitance chargeable to tax in India. Yes or No (when i am selecting NO It asks me Reason for No) Pls help to explaing what should i mentioned in reason.
Thanking Your
CAclubindia
