Foreign money received from husband from quat.
This query is : Resolved
SUBHASHIS DEY
(Querist)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Form 144 TDS Return Validation Error – Mandatory Fields
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
