Tax on foeign income - professional fees - nri
This query is : Resolved
17 November 2011
I have recd usd 10000/- *(no tax deductd) as professional fees for the period from 01/4/10 to 31/10/2011 from a London based firm in my nro account.
Pls suggest tax implication on this amount
Pls suggest tax implication on this amount
17 November 2011
Mr. Kumar ,
Are you an NRI?
Are you an NRI?
17 November 2011
Your income should not be taxable in India provided the London based Firm doesn't have any business in India.
The Indian Income Tax Officer can treat the amount so received in NRO(if directly received)as income but there are case laws based on which you can escape the tax liability in India.
Anuj
+91-9810106211
femaquery@gmail.com
The Indian Income Tax Officer can treat the amount so received in NRO(if directly received)as income but there are case laws based on which you can escape the tax liability in India.
Anuj
+91-9810106211
femaquery@gmail.com
19 November 2011
Agree to Anuj.
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