Residential status
This query is : Resolved
02 October 2011
hiiiiiiiii
if an NON RESIDENT of INDIA gives some money exceeding taxable limit, to his parents who are resident of india.....
so is this incoome taxble(in india) in the hand of his parents...if he does payement
1) in cash
2) transfer to their account
if an NON RESIDENT of INDIA gives some money exceeding taxable limit, to his parents who are resident of india.....
so is this incoome taxble(in india) in the hand of his parents...if he does payement
1) in cash
2) transfer to their account
02 October 2011
No, This is Not Taxable in Hands of parents as Gifts from Relatives as per income Tax rules.
02 October 2011
it wont even charged u/h other sources coz its exceeding 50000????
02 October 2011
There is No limit in case of Relative of 50000
02 October 2011
ohk can v tret dis as remittence and even by dis foreign currency is cumin
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Two seprate Invoice needed
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
