Online money transfer from USA

Hi Friends,

I received online money transfer from USA through ICICI bank around Rs.50000/- in the year 2008-09. Is that money taxable? If so under what head?

Thanks in Advance :)

Replies (3)

Hi Srinivas,

Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not

Either that money received for u given a service to USA or what purpose

please mentioned the purpose clearly, than only know that wheather it is ataxable or not

Originally posted by :R.Suresh
" Hi Srinivas,
Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not
Either that money received for u given a service to USA or what purpose
please mentioned the purpose clearly, than only know that wheather it is ataxable or not
"

 

Hi Suresh,

Let us assume that the money is for the services from india.

 

Then it will be taxable in the head of Income From business or profession

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details