Remittance of gift outside india
This query is : Resolved
rumy nagwaswala
(Querist)
04 June 2012
As assessee working as a salaried employee outside india for three years ; Comes to india and gets married. He recieves gift in the form of money on the occassion of marriage ? Can he take the same out of india through bank transfers on remitting form 15CA and 15 CB as gift recieved on the occassion of marriage. whether TDS will be applicable even if it is tax free in India?
CA. Anuj Gupta
(Expert)
05 June 2012
Gifts received on occasion of marriage are exempt unless covered in sec 56(2)(vii).
the same should be tax free unless they re covered in sec . 56(2)(vii)
Anuj
femaquery@gmail.com
the same should be tax free unless they re covered in sec . 56(2)(vii)
Anuj
femaquery@gmail.com
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