Hello,
My question is this:
I am an Indian individual holding an account with an Indian Bank.
Now I will be receiving money from foreign sources outside India. This money is to conduct charitable programs or sometimes I get paid for content writing, freelance journalism etc.
What are the issues with the Income Tax Department?
Am I answerable to anyone about these amounts?
Is there a limit on the amount of money that I can receive?
Will this be looked upon as a donation made to me and taxable in my hands?
Would be grateful for clarifications on this topic.
Thanks,
Aneesh