How much is limitation on wire transfer USD amount at savings bank account. I heard more than 2 Lakhs INR gets reported RBI. Is there TDS applicable. Nature of money is not NRI/NRO income from software services.
Menu
Income from outside to india
Replies (1)
Inward tranfer of money of Rs. 1 lakh and above will be reported to RBI. Money received from foreign citizen as donation has to be routed through FCRA account. NRI can remit money earned in foreign country to relatives and to his own account.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
