Nri case very urgent
This query is : Resolved
04 October 2011
sir
my client is an N.R.I lives in spain and he purchased the property in india through his NRI a/c .so the money transferred from to his NRI a/c ca be considered as capital or not
And the pays donations through his bank a/c to public and also to some registered society , it can be claimed as deductions u/s 80g
my client is an N.R.I lives in spain and he purchased the property in india through his NRI a/c .so the money transferred from to his NRI a/c ca be considered as capital or not
And the pays donations through his bank a/c to public and also to some registered society , it can be claimed as deductions u/s 80g
Vishal D Shah
(Expert)
04 October 2011
1) Yes. Capital account transaction.
2) Yes. 80G uses the term assessee & not resident. Allowable donations can be claimed.
Regards.. cavishalshah @ gmail.com
2) Yes. 80G uses the term assessee & not resident. Allowable donations can be claimed.
Regards.. cavishalshah @ gmail.com
CA. Anuj Gupta
(Expert)
21 October 2011
Make sure that the organisation to whom your client gives donation is having FCRA registration.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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