Tuesday, June 16, 2015

Salary Remittance

For a person who is resident but not permanently resident in India and
  • Is a citizen of a Foreign State other than Pakistan; or
  • Is a citizen of India, who is on deputation to the office or branch of a Foreign Company or Subsidiary or Joint Venture in India of such foreign company, may make remittance up to his net salary (after deduction of taxes, contribution to provident fund and other deductions).
    Explanation: For the purpose of this item, a person resident in India on account of his employment or deputation of a specified duration (irrespective of length thereof) or for a specific job or assignments, the duration of which does not exceed three years, is a resident but not permanently resident.

    Post a Comment