NRI Taxation- Senior Manager
24 Points
Joined January 2017
Dear Nithin,
Thank you for the information.
i have understood the payment is in nature of professional fees in the capacity of "Award based payments". And the beneficiary is a resident of USA.
I few other queries which is as below:
- You have mentioned Argentina. Is this the country to which the remitance is to be made to?.
- Was the mentioned Competition held in India?
- If possible briefly let me know what kind of competition was this whether technical, sports or others(please specify).
Referring shared information, it is evident that the payment is under the capacity of "Independant Personal Services". However this might change based on the additional information provided.
If you feel any of the information seeked is discrete, feel free to give me a ring. You might be able to arrive at a conclusion at a faster and convinient pace this way.
Regards,
Mathew
9446858251