I am a dentist, and I have a patient who is coming from USA for his dental treatment.
He wants to transfer money to my bank account, will it attract taxes?
If so what's the percentage?
I am a dentist, and I have a patient who is coming from USA for his dental treatment.
He wants to transfer money to my bank account, will it attract taxes?
If so what's the percentage?
Assuming the funds are being transferred for his treatment, Yes it should be added to your income and taxed at the bracket you fall into. This is same as a person walking into your clinic and paying you cash/cheque/credit card to get treated.