IT ON GIFT TO NRI SON
This query is : Resolved
16 June 2023
Can I gift my son in us of 6000$. Any tax liability on me? Any declaration?
16 June 2023
No tax liability as gift to son exempt from income tax.
Bankers will obtain declaration.
Bankers will obtain declaration.
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
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- ITR WITH 0 TURNOVER
- How to pay tds on mhada property
- Schedule Dpm under 44ada no account casr
- Query related to CA/CS/CMA Firm
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Value of Perquisite Sec.10 (10CC)
- TDS short payment of Rs 120 — how to adjust in new TRACES
- Value of Perquisite Tax Borne by Employer
- TDS Retunr Statement Status
- GST applicability on Shipping charges
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
