I am a salaried employee, living with parents (age above 65yrs) and wife. My income is not sufficient to fulfill House hold needs. My brother is NRI. He is transferring Rs 6000/- per month to my Salary account. Is this amount treated as my income? How to deal with this amount?
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Amount given by Family member..
Replies (3)
Gifts recieved from relatives is exempt from tax. For more Info check out this link-
Gifts from NRI relatives are not taxable so the amount of Rs. 6000 given to you by your brother will not be included in your income.
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