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.
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