Repatriation money- taxability regarding
This query is : Resolved
11 June 2014
My brother is in USA, for this year he is a non-resident. so while repatriating money to his own bank account, it will not be taxable. But my query is can the repatriation be made to any of the family members (brother, mother, father) bank account and if possible then will it be taxable?
NB: Repatriation is from USA to India!
NB: Repatriation is from USA to India!
12 June 2014
repatriation to family members is also non-taxable.
12 June 2014
can u pls give some reference to any law, rules,etc. that will be really very helpful..
13 June 2014
refer section 56(2) of the Income-tax Act, 1961
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