Tax on Foreign Income
This query is : Resolved
Ishaq Syed
(Querist)
18 April 2011
Gentleman,
I have started a recruitment consultancy in India to supply professionals abroad and have opeeations in Saudi Arabia as well. My question is, Is the money comming from foriegn clients to my bank account in Idna taxable. If yes how much and how do I show that I am paying the staff in KSA.
Thanks,
Syed
I have started a recruitment consultancy in India to supply professionals abroad and have opeeations in Saudi Arabia as well. My question is, Is the money comming from foriegn clients to my bank account in Idna taxable. If yes how much and how do I show that I am paying the staff in KSA.
Thanks,
Syed
CA. Anuj Gupta
(Expert)
20 April 2011
Yes the money coming to India directly is taxable in India.
Also give more details about salary paid in which country, nature of structure in India etc.
Anuj
0-9810106211
Also give more details about salary paid in which country, nature of structure in India etc.
Anuj
0-9810106211
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