Suppose i am resident in india.
i am receiving 300000 rs every six month from my son from uae.
he is resident in uae and have TRC from UAE.
whether that is taxable in my hands or not?.
under which provisions?
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cash gift received from uae from son
Replies (1)
Any receipt from your son, of the kind gift, from anywhere in world, is not taxable in your hand, whatever may be the amount; but advisable to be through banking channel.
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