Koustav Chatterjee (17 Points)
22 August 2019I am an Indian currently based in Singapore.
I did some online remittance from Singapore to my own savings account in India.
I filed my ITR last week.
What kind of action/penalty/fine can i face ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180209 Points)
Replied 22 August 2019
If the amount remitted to your own savings account in India was already taxed as per prevailing laws of both the countries, no need to worry for mere transfer. It is not taxed again; so no action or penalty over it.
Kapadia Pravin
(17259 Points)
Replied 22 August 2019
Koustav Chatterjee
(17 Points)
Replied 22 August 2019
Thank You very much for your response.
Just to add, myself a IT professional employed in Singapore.
I did paid my taxes in Singapore.
My concern is i transferred to my own Savings account instead of a NRE account.
Koustav Chatterjee
(17 Points)
Replied 22 August 2019
Thank You very much for your response.
Just to add, myself a IT professional employed in Singapore.
I did paid my taxes in Singapore.
My concern is i transferred to my own Savings account instead of a NRE account.
PAD V
(113 Points)
Replied 22 August 2019
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