Money Transfer from Abroad to Chennai (TN)
This query is : Resolved
13 November 2008
Dear Sir/Mam,
I have one doubt if one person transfer
Some money from abroad to Indian person
What should have the Indian person and
How the tax department treats this if the
Amount exceeds $80,000. Because if any
Amount received from abroad with out loan
Purpose it will non taxable (I heard).
Please clear the doubt.
I have one doubt if one person transfer
Some money from abroad to Indian person
What should have the Indian person and
How the tax department treats this if the
Amount exceeds $80,000. Because if any
Amount received from abroad with out loan
Purpose it will non taxable (I heard).
Please clear the doubt.
13 November 2008
It is too vague a question to answer. This require the details.
17 November 2008
First you ensure the residential status and as per the provisions of sec 5 of IT act.
To ensure is there any FEMA violation.
To ensure is there any FEMA violation.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Form 10BD Filling
- Annual return of gst limit
- Which ITR To be filed by dentist
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
