Ashok Singhal (8 Points)
22 July 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172436 Points)
Replied 23 July 2023
No tax liability will arise of the total taxable income is upto 5 lakhs.
Yes, the income must be reported in ITR, if it is inward remittance.
No need to report it, if it is paid for education and TCS deducted by bank.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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