One of my friends provides consultancy services to a foreign company in a foreign country.He is also a Non Resident under the Income Tax Act. The company pays him the remuneration by directly crediting it to his Indian Bank Account. Further the company also deducts Tax on such remuneration before making the payment. My question is, whether such sums which are directly credited to my friends Indian Bank Account and on which tax is already deducted are Taxable in India.
CAclubindia
