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,
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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