Tax on money transfer from abroad to India

Last post 10-16-2009 6:50 AM by d4devendra. 0 replies.
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  • 10-16-2009 6:50 AM

    Tax on money transfer from abroad to India

     

    Hello All,

    I am working with an Indian Company and I am currently in Finland on a Project assignment. I am earning my salary in Euros and paying taxes in Finland. My company deducts taxes as per Finland tax rules and pays to the tax authority.

    I want to know if I can transfer my saving amount from Finland's salary to my Indian Savings account? I do not have NRE account in India. I have only salary saving account in India. I have already spend more than 183 days in Finland in the current fiscal year.

    By transferring money to Savings a/c (and not to NRE a/c), am I liable to pay any taxes to Indian Tax authority? If yes, then please let me know and suggest the way how should i transfer money from my Finland bank account to india.

    Thanking you for your valuable suggestions.

    Regards,

    Devendra

    • Post Points: 5
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