Foreign remittance
This query is : Resolved
29 March 2014
The assessee is under employment abroad and has sent remittance.... please tell me the section under which it is exempted from tax...i think 10(8A) but not sure....please clarify...
29 March 2014
no not 10(8A). you are sending remittance to whom? to family, if yes, it is exempt under 56(2). I believe that should be the case for you.
Message likes :
1 times
29 March 2014
thank you sir...yes the remittance was sent to his family here...
29 March 2014
then you dont have to worry at all. it is non-taxable. And always remember the remittance (within family or to your own personal account) wont be taxable.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 9C- Table 9
- To Whom the Invoice should be Raise to
- Tax liability on gift amount given to blood relation
- Reimbursement of expense- GST applicable or not
- Form 104 stamp paper deed
- Query on solved queries
- PLACE OF SUPPLY FOR COMMISSION AGENT
- E INVOICE, E-WAY, INVOICE
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
