Funds Received from other contries

Suresh Chandra (Manager - Accounts) (206 Points)

20 December 2010  

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.