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Disclosure of Money Taken From NRI

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(Querist)
20 March 2017 If a person has taken money from NRI, for payment of his college fees, directly in bank account than under which head it should be diclouse for Income tax purpose? Which form is require to file?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 March 2017 Loan not taxable. Gift exceeding 50000 taxable under income from other sources.

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