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Tax Implications on Global Income


Paras Patwa   05 January 2021

Paras Patwa

 2 points

| My Other Post
One of my client in India is having one office in partnership in Hong kong . he has earned commission Income for selling goods to Columbia which he has purchased from china. Income accrued and received in hong kong only. now he wants to remit the forein earned income in india. what will be the Tax implications as per Income Tax Act and as per GST act ????
Krishna Chaudhary

Krishna Chaudhary (Accountant)     08 January 2021

Krishna Chaudhary
Accountant 
 597 likes  4468 points

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GST won't applicable on such income
Kapadia Pravin

Kapadia Pravin   10 January 2021

Kapadia Pravin

 1094 likes  17184 points

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Share in Partnership profit and loss will be treated according to residential status of partner .

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