Funds Received from other contries

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Manager - Accounts
206 Points Joined April 2009

Dear Sir,

 

I have to receive Rs. 200000/- from one company in USA towards professional work done through online from india . this will be received by Feb 2010. My total income for this year 2010-11 will be Rs. 700000 (not included this 2 lakhs)

Pls tell me your tax advise and can I transfer above 200000 to some one account for escaping income tax?

 

 

Thanks / Regards,

Surseh Chandra.

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On 20 December 2010 at 15:28 Report
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glidor@gmail.com
21068 Points Joined January 2010
  • foreign remitence and hide the income?
  •  
  • park the fund to some other country and bring in india at later date , i.e after end of the financial year 
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On 20 December 2010 at 15:31

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