11 October 2011
Here I have a query regarding cash received from outside India. What are the provisions regarding cash or any asset received from outside India? Further if I work abroad and want to send money to my parents/family members then what are the tax obligations on them?
11 October 2011
Relative should be a relative under income tax act. Then, you can get whatever you want from the said relative. But, mind you, have a proper evidence. You can remit any sum of amount to your parents/family members without any tax liability.
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