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DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR)     25 September 2014

Advocate receiving amount on behalf of usa client

Dear Learned Colleagues

 

            I need your considered opinion on the following case

 

        One Indian advocate was retained by an USA client for recovery of money from a foreign borrower.

         Indian advocate made full efforts and recovered a part of the amount.

         However, the borrower sent a US$ cheque to drawn in favour of  Indian advocate and sent to Indian advocate..  Indian advocate deposited the cheque into his Bank which has gone for realisation.

USA client wanted the advocate to return the money in dollars.

           Please examine the matter and give guidance as to Tax applicability.

 

                            Regards

                            sincerely

                            Dr Vedula gopinath    advocate     email  vgnath@gmail.com

 

 



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