Taxation on money to India

Question

Jun 24, 2008, 10:14 AM

ASARKAR

New Member

Join Date: Jun 2008

Posts: 1

Taxation on money to India

Hi,

I have come to US recently. Still I haven't got my Social Security Number in US. And without having SSN I cant register at Money2India/Remitt2India. That's why I need to deposit at the US bank account of one of my colleague who has SSN number already and is registered with the services.

My question is if I send money through his US account to my Indian account, will I have to pay tax in India on that amount sent to India? In my Indian account it will show that "NEFT-M2Axxxxxxxx-Name of the Person".

Please help me in this regard...

Apurba

Answers

Jun 24, 2008, 12:50 PM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,247	Apurba: This is really an *INDIAN* tax question. This forum addresses U.S. tax issues.

Jun 24, 2008, 08:31 PM	#3

MukatA

Tax Expert

Join Date: Nov 2007

Location: CA

Posts: 4,615

Quote:

Originally Posted by ASARKAR

Normally, if you are resident of India, you must file tax return and report your world wide income in India.
the Money2India/Remit2India company can provide you more details as they deal with such cases every day.



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