Online money transfer from USA

Srinivas K (Financial Accountant) (45 Points)

23 June 2009

Hi Friends,

I received online money transfer from USA through ICICI bank around Rs.50000/- in the year 2008-09. Is that money taxable? If so under what head?

Thanks in Advance :)

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3 Replies

R.Suresh (Sr. Executive) (394 Points)
Replied 23 June 2009

Hi Srinivas,

Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not

Either that money received for u given a service to USA or what purpose

please mentioned the purpose clearly, than only know that wheather it is ataxable or not

Srinivas K (Financial Accountant) (45 Points)
Replied 23 June 2009

Originally posted by :R.Suresh
"	Hi Srinivas, Tell me what purpose u received the money from USA, without information no bady can tell that money is taxable or not Either that money received for u given a service to USA or what purpose please mentioned the purpose clearly, than only know that wheather it is ataxable or not	"