Taxation on income

Dear Friends,

I have a savings bank account in India.. Now, I am working in abroad and I am transferring my earnings through UAE to my account in India from time to time.

I would like to know, on these Income which I am  transferring to India from abroad, will attract any taxes or is there any limit to such transfer of amount per annum etc.,

It would be great help for me if somebody clarifies my query ..

 

SRI

 

 

 

Replies (4)

There is no income tax on this transaction.

Are you transferring these amounts to your regular savings account in India? How is the conversion happening since you will be transferring in AEDs (just curious).

Another option is to open Resident Foreign Currency account with an authorised dealer in India and transfer the money into this RFC. The money will be retained in fx and you use it for fx transactions again. (Save on frequent conversion charges). 

 

 

Dear Mr Ashok,

Can you please elaborate AED..

I do not want any further transactions to do with fx.. as I just want to use this money in India only..  So, is there any other use in opening the Resident Foreign Currency account ? 

AED is United Arab Emirates Dirhams.. You are transferring amounts from AEDs to INRs right.

You can open an RFC or an NRE account. In the latter the amounts are held in rupees. But otherwise has similar features to RFC. That is you can repatriate the amounts back when in need. Interest in an NRE account is tax exempt. You should consult your foreign bank for details.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

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

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details