Poonawalla fincorp
Poonawalla fincorp

Inward remittance

This query is : Resolved 

23 September 2008 Helo All,

Person A, ROI has funds lying in his foreign account, generated through consultancy, in Europe. May I know the procedures for bringing the same to India?? I know there will be tax at appicable rate. But would like to know procedural issues like permission from various authorities etc...Thanks,

26 September 2008 No permission is needed, bring it bank channel and report taxes, maybe you may claim 80RRA.



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