Non Taxable Income Limit
April 20th, 2010
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Question: I am frm India & work with a US based company on Internet. I ean in US dolars, am i exempted from Tax?
i hve been told by few ppl that income in US Dollors is non-taxable in India upto certain limit? any one having any idea pls reply.
Answer: You should check with a professional tax preparer. Or better yet an accountant. You may be liable not only for taxes in India but may also be liable for taxes in the US. The company you work for is a US company and you are paid in dollars this is definitely something that needs to be checked by a professional.
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