How Are Foreign Inward Remittances Taxed In India

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Inward remittance is the transfer of funds from an international bank to a domestic bank. When a resident of India receives money in their bank account from a relative from abroad or a startup receives funding from angel investors outside of India into its domestic bank account or a business receives payment from its' international clients, it's called an inward remittance.

0:05 What is FEMA
0:20 Is Every Remittance Taxable
0:34 When Is The International Money Transfer Taxable

In this video we explain how are the foreign inward remittances taxed in India.

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Salt is a fintech startup based out of Bangalore, India. Salt is helping businesses with effortless international payments and compliances at the least possible time and costs.

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