Hello There,
I have one query on tax. Actually we have one company registered in USA on My name. We have already paid tax in USA for the Profit we made over there.
Now To transfer rest of the money to India on my account, do we need to pay any tax or income tax here in India also? how can we transfer that money to india so we don't need to pay any tax in India?
Thanks in Advance.
| Originally posted by : CA Tarannum Khatri | ||
 |
If you are resident, you have to pay tax on foreign income. But you can claim relief u/s 91 for save tax. |  |
Thanka a lot Tarannum,
Can you please emaborate it. I mean what I can get back in relief.
Also, is there a way to transfer a fund to Our company in India from Company in USA?
Note : Both entity doesn't have any legal relation except for both are owned by me. Other wise they are separate entity.
CCI
Pro
CAclubindia
