Service tax applicable on income from hong kong
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 April 2012
I have worked in china for a company in hongkong and would like to bring my share of income to india. Please advice me on the taxes applicable in india. Any what can be done to minimise the same.
12 April 2012
You have to check whether you paid proper tax in China? If yes then through the proper channel you can bring the money in India by opening a NRI A/c with any Bank. No additional tax is payable in India for the income earned by you in China. If you have additional income in India then both India and China Income will be added and rebate in tax will be allowed if there is any agreement between India and China
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