Freelance website designer

Tax queries 757 views 2 replies

Hello ,

I am a Freelance website designer , and has just started receiving funds from abroad in my saving account , i am ready to pay tax as i have gone through the forum and found that i come under  "head of income from business" , My main concernd is can i use my saving account for inward remmitences and pay tax on the money .

 

Regards

Replies (2)

Yes you can receive remittances in your savings bank account.

It's better to open an EEFC account and keep the foreign exchange as it is in that account. 

yes...definitely..you can use ur SB account...


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