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Money transfer to parent in india from uk

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2011 HI

COULD ANYBODY PLEASE TELL, IF I SEND MONEY TO MY PARENT IN INDIA FROM UK IS TAXABLE IN INDIA OR NOT.

MANY THANKS
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 September 2011 If the money send is from your savings and through proper banking channels, Income tax need not to be paid on that amount.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
21 September 2011 Any money transferred to the NRE or NRO account will be a capital receipt and hence not taxed.
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