Is it Compulsory for Freelancers Who Earns Foreign Exchange to Bring Money in India ?


Freelancers are persons ,mainly individuals, getting contracts from foreign client . Their earning from freelancers projects is usually in US dollar (i.e foreign exchange) . The earnings are generally receive through PayPal account by freelancers from India , as there are not many online international payment system which caters to Indian. However ,as per the norm set by Reserve Bank of India, PayPal has to remit the money , after converting the foreign exchange in rupee , within specified days to banks in India.It is also a rule that earning received by an exporter through PayPal can not be used fro payments made through paypal.

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