Remittance to an NRI in accounts in bank in their country
This query is : Resolved
Quick Summary
29 July 2020
Please advise me if there is any restriction if I deposit some amount
in the account of an NRI (my son/daughter) in their account in their
country of stay and the associated applicability of income tax.
in the account of an NRI (my son/daughter) in their account in their
country of stay and the associated applicability of income tax.
29 July 2020
No income tax payable on such payment as it will be considered as gift to relative.
12 August 2020
Thanks a lot for the help
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