banner_ad

TRANSFER OF FUND FROM NEPAL

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 September 2010 1. IF SOME ONE IS A CITIZEN & RESDENT OF NEPAL AND HE TRANSFERS ANY SUM TO ANY OF HIS RELATIVE IN INDIA AS GIFT , IS IT EXEMPTED FROM TAX FOR THE RECEIPIENT . IF YER UNDER WHICH SECTON OF THE ACT.

2. IF IN THE ABOVE CASE HE WANTS TO GIVE LOAN TO ANY OF HIS FRIEND OR RELATIVE IN INDIA EXCEEDING RS 10.00 LACS ,CAN HE DO SO. IF YES WHAT PRECAUTIONS SHOULD BE TAKEN IN DOING SO.
Profile Image

CA PRAMOD SARAOGI

Profile Image

CA PRAMOD SARAOGI (Expert)
05 September 2010 Any gift in cash or by Cheque received by a relative in India from a person in Nepal is not taxable. However, genuineness of such gift is to be established.Besides, creditworthyness and capacity of the donor may be looked into by the AO
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details