Remittances from Non- resident Indians ti their families in India.
is to be included in NI or not
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There is bad news for non-resident Indians (NRIs) who remit money back home. The government has decided to levy a 12.36% service tax on fee or commission paid by agents for facilitating remittances. ... According to CBEC, "No service tax is payable per se on the amount of foreign currency remitted to India from overseas.
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