Hi,
I am resident of India working as a software freelancer from India.
In last year I have received funds from Australia on my Indian bank account or some times on Paypal account which is linked to same bank account.
Funds I received were in USD.
Do I have to pay tax on this income (Its near about 14 lacs)? If yes can anyone please let me know what are the rules and how i can save tax?
I have beed contacting CAs but I am not getting unique answers. Some CAs are saying I will not have to pay tax on this income some are saying i have to pay! What is the case here?
Please help...
Thank you,
Sachin
CAclubindia
