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I plan to have a consultancy business outside India. I do not plan to remit my income to India immediately. I would do it later maybe after 2 or 3 years. Do I need to pay taxes now? or can I pay tax when I bring the money into the country?

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If the work is done in India, then the income arising out of it, is taxable when received by you, and not when it come into India ...

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And if the work is done elsewhere - the income is taxed at that elsewhere, unless a treaty says otherwise. – littleadv Oct 29 '12 at 17:30

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