Transfer of money from abroad by relative.
This query is : Resolved
30 December 2014
Hello Sir/Madam,I would like to know if a relative cover under the definition sends money from abroad directly in a bank. Then is it taxable of tax free and what proof do I need to have.
31 December 2014
If amount is given by person mentioned in definition of relatives then not taxable on such transfer from abroad.
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