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wire credit
by V Narayanan on Jan 14, 2005 07:33 AM

Sir,

I am a self-employed medical transcriptionist, and have been earning income in US$ through wire transfers in my bank. Is there any income tax payable on the amount realized in INR, after deduction of bank charges (10 to 12$ per month). Please advise.

Thanks
Narayanan

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The above message is part of the Discussion Board:
How is your tax calculated?