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
