Tax applicability
This query is : Resolved
01 April 2013
dear experts,
if a father receives Rs 50000/- every month from his son who is working in Australia.Then what is the income tax applicability for both persons?
if a father receives Rs 50000/- every month from his son who is working in Australia.Then what is the income tax applicability for both persons?
CA. Anuj Gupta
(Expert)
02 April 2013
There should be no tax liability .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
04 April 2013
Father can add that son's amount to his capital as a gift from son?
Father can add that son's amount to his capital as a gift from son?
21 May 2013
Son is paying tax in Australia and after earning income he is sending gift to his father in India. So in India there is no tax on father as well son.
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