Hi friends,
If someone wants to transfer money say $5,000 to India via e-transfer.
Will it be chargeable to tax in India although tax has been paid on it in US?
3 Replies
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 05 October 2013
is it transferred to his own a/c or to third person?
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 06 October 2013
Hi
Yes you can transfer fund to NRE A/c and that will be tax free. No tax will be deducted on it while transferring fund to NRE A/c.
Thanks
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