Tax on foreign receipt received for charity purpose

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Devang R Marthak (Querist)
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21 March 2016 if a person is in receipt of money from outside India with instruction from payer that recipient Indian has to spend money for helping poor student is taxable in India ?? whether recipient Indian has to show in his ITR or not??

Amol S Joglekar

Amol S Joglekar (Expert)
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21 March 2016 The remittance is received with specific instructions from the sender. It thus amounts to TRUST. Remittance per se is not taxable. The call is to be taken based on the quantum of remittance. (It is always better to show the remittance in ITR under exempt income column)

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