Foreign money received from husband from quat.
This query is : Resolved
21 November 2016
RESPECTED SIR,
MY ONE LADY CLIENT RECEIVED MONEY FROM QUAT COUNTRY IN HER BANK ACCOUNTS IN EVERY MONTH FROM HER HUSBAND. NOW SHE WANT TO SUBMIT INCOME TAX RETURN. HOW WILL IT SHOWN IN RETURN AND WHICH RETURN WILL BE SUBMIT.
BESIDES SHE PURCHASE TWO LAND IN CASH.
MY ONE LADY CLIENT RECEIVED MONEY FROM QUAT COUNTRY IN HER BANK ACCOUNTS IN EVERY MONTH FROM HER HUSBAND. NOW SHE WANT TO SUBMIT INCOME TAX RETURN. HOW WILL IT SHOWN IN RETURN AND WHICH RETURN WILL BE SUBMIT.
BESIDES SHE PURCHASE TWO LAND IN CASH.
22 November 2016
If she is receiving money from husband, it is not income in her hands. She need not file return in such case. However, if she is receiving any income from the assets purchased from that money, in such case it would be considered to be capital gains
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
