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TAX LIABILITY FOR NRI ON INDIAN PROPERITORSHIP INCOME
by shrikant karpur on Feb 05, 2012 01:39 AM

I m an NRI working for a Company Out side india,
On my recent visit to india, I opened a Proprietorship bank account with one bank with my Pan Card & Professional Tax registered on the name of my company. I would be doing free lance business Out of india and will also receive money in this account from abroad, (There will be no Indian Income). My query is what will be my Income tax liability in this situation. 1. I m an NRI and 2. I don't have any income from India.

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The above message is part of the Discussion Board:
For NRI, Rs 150K of income is tax free