Nri income
This query is : Resolved
20 February 2013
Hello Evryone..!
Suppose if an NRI Person Earns " x " Amt in his country & he Gifts some Amt of it say " y " to his Grandparents who are In India will the same be Taxable in India ??
& Secondly if the that same Amt is Gifted to his Friend (Non- Relative) in India then here will it be taxable..
Thanks alot in advance..
Suppose if an NRI Person Earns " x " Amt in his country & he Gifts some Amt of it say " y " to his Grandparents who are In India will the same be Taxable in India ??
& Secondly if the that same Amt is Gifted to his Friend (Non- Relative) in India then here will it be taxable..
Thanks alot in advance..
21 February 2013
gift to grand-parents non taxable.
gift to non-relative taxable in the hands of the friend.
gift to non-relative taxable in the hands of the friend.
Message likes :
1 times
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
