If an NRI as per income tax act remitts money earned outside India in foreign currency to his own account in indian currency through an authorised money exchange agent working abroad, will such remittance be taxed in India in his hands?
Quote section reference, if any please
Thanks
Mr.Anil
Section 5(2) and the explanations 1 and 2 to that subsection are very clear. Please go through the section. And also go through the DTAA between Indian Republic and the concerned country.
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