POSTED BY April 12, 2013 7:29 am COMMENTS (5)ON
Quick questions, need latest info
1) If I understand correctly if money is deposited from other country in your Indian bank savings a/c, no Indian income tax is applicable on it, right? I mean the original inward payment.
1.1) Is there a limit on how much amount it is allowed or how many times such inward payment in one year etc
1.2) any other rule?
This is basically about a home in foreign country, given on the rent and that rent /money is transfered to Indian (in India) bank and tax implications on that.