Purchase of foreign currency in TIS report
This query is : Resolved
01 July 2024
Taxpayers Information Summary(TIS) for (Rs 189000) shows a entry of foreign currency purchase on portal. My client purchase currency for his brother foreign travel.
what to do with such a entry? Need to show in ITR If Yes where?????
regards
Vikas
what to do with such a entry? Need to show in ITR If Yes where?????
regards
Vikas
02 July 2024
Not possible to declare it in ITR, if personal expenditure.
02 July 2024
thanks for your prompt reply SIR!
what to do with that entry? or avoid
what to do with that entry? or avoid
02 July 2024
As such no action required. Just keep the records of the income source for the amount spent.
28 August 2024
Good luck.
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