a resident in india receives foreign remittance.The person sending remmitance is not relative of receiver.Is this remmitance taxable in India?
2 Replies
JAGANATHAN R ACMA, SAP(Fi-Co)
(Manager Accounts and Finance)
(915 Points)
Replied 10 October 2015
we will give solution nature transaction., whether sale, consultancy, gift etc.,
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