Foreign remittance to parents living in India
This query is : Resolved
Quick Summary
06 July 2022
If the dependant parents receive foreign remittance to support the family, and medical expenses etc, should such receipts, be added to the income and tax patable, when such amount is part of the income already taxed at the foreign government.
CA R SEETHARAMAN
(Expert)
07 July 2022
Such receipt not taxable exempt from tax as gift to relatives.
CA Puja Sharma
(Expert)
07 July 2022
Such income is exempt as it is treated as a gift for the parents.
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