I am working in US. If I transfer say Rs.10000/- per month to my Father in Laws SB a/c in India, who is already an IT payee, whether he has to show this also as his income and pay tax on this amount.
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Amount transferred to in laws
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At the face of it, no. Since it is only a remittance from abroad and is not a gift either u/s 56(2), since it comes under the exempt category. However, your in laws will have to satisfy the taxman regarding the source lest it be added to their income as unexplained credits.
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