Regarding tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2013
whether tds has to be deducted when foreign remittance as a gift made to non resident (who is the daughter) of remitter (who is the resident) if applicable please tell me the rate and whether the form 15ca and form 15cb has to be prepared or not.
srinivas reddy
(Expert)
03 May 2013
i think daughter covered under relation definition
04 May 2013
Gift to daughter does not attracts tax as is covered under the definition of relative u/s 56(2)(vi) of the Income Tax Act as correctly opined by mr. srinivas
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