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Taxability of incoming foreign remittance.

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(Querist)
02 August 2015 My brother lives in UK and sends me around Rs 50000 per month . Is the receipt of money taxable in my hand
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 August 2015 No, it will be treated as gift to relatives exempted from tax.

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