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Tax Implications on Global Income
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 ????
Replies (2)
GST won't applicable on such income
Share in Partnership profit and loss will be treated according to residential status of partner .
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