Subrahmanyam Neerukonda
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RE: Overseas Income
Thanks for replying on this item. The account used in India was NRE (where it can't be withdrawn, if it's withdrawn, we can deposit again within India) so there is no dividend earned on the money and also, since it was not fixed deposit, there are no interest earnings on them as well. Can you let me know what are the documents needed to go back to HMRC to prove the transactions of Indian account as no earning done ? Will HMRC accept UK bank and Indian bank statements to review that there is no need to pay tax and consider HMRC notice answered? -
Overseas Income
Hi All, I'm an Indian, I've earned money through my Job and I've paid tax in UK and transferred money to India with the intention of investment, however we have planned to buy something else in UK after sometime. so I've remitted back to UK, however HMRC sent me a notice. Can you advise if anyone faced similar situation to explain them that source of funds are from UK job? Indian Banking: Funds from UK arrived in NRE accounts in India, no one can fund NRE accounts apart from Foreign remittance. UK Remittance: I've all the transactions record for the money sent from UK to India. India to UK Remittance: I've a track the money that came back from Indian NRE accounts to UK Bank accounts to provide HMRC that it's the money that's already taxed previously in UK.