Tax on foreign remittances
Querist : Anonymous
I am Babu from Chennai. My brother is working in South Africa and he is depositing his Dollar salary in my savings account.He never filed his IT returns in India. He employed there recently four months back in June'2011.
Now my doubt is what is the tax implication on his remittances to India.
Thanks in advance
BABU
Anuj
+91-9810106211
femaquery@gmail.com
Querist : Anonymous
Thanks for your response. I understood that there is no tax on this income for my brother. But my worry is since it is deposited in my account what about tax implications on me.
Thanks in advance
babu
Anuj
+91-9810106211
femaquery@gmail.com
Querist : Anonymous
Thank u very much.
Click here to login now
Similar Resolved Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
