Tax clarification

stanley (Propreitor) (85 Points)

21 May 2013  

Hi, I am an entrepreneur and travel across all GCC countries where taxes are exempted. All foreign exchange earned is transferred to my NRE account in India. I also generate revenue in India and have a separate account. Currently both revenues are being considered as income and taxes duly paid.

Is there any rule or means where the foreign income can be excluded from taxes ?