Amt. from abroad is taxable or not.
This query is : Resolved
Mohit Khanna
(Querist)
03 August 2014
Sir my question is, amt recd from dubai in india through SBI global by mode RTGS is taxable or not.
Nikhil Kaushik
(Expert)
03 August 2014
what is the purpose for this money? if this is money received from a relative (as defined in section 56(2)) then it is not taxable.
if it is received from any other person or for consideration of some work or in relation to sale of any capital asset or right, then it shall be taxable.
if it is received from any other person or for consideration of some work or in relation to sale of any capital asset or right, then it shall be taxable.
Rupesh Jain
(Expert)
04 August 2014
if it gift recd form relative then make gift deed and no taxable.
if you are working in india and amount for that rec from dubai then its your income and taxable in your hand.
if you are working in india and amount for that rec from dubai then its your income and taxable in your hand.
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