Easy Office
LCI Learning

Taxable income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 July 2011 Dear Sir ,

One of my friend working as a freelance job for overseas client and he is getting payment in USD through PayPal which latter convert by bank in INR.

my question, is their income taxable or not under income tax act ??

Thanks
Krishna
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
30 July 2011 The income is being generated by your friend staying on the Indian Soil.

He is a resident in India and his foreign income as well as Indian Income, both are taxable. This is treated as his Indian Income.
Profile Image

Krishna

Profile Image

Krishna (Querist)
30 July 2011 sir under which section of income tax it is stated that taxable please... Thanks
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links