One of the client has sold the property and he is having some cash with him, now he want to give that cash to his daughters who are NRI'S.
What will be the applicability of tax in this case?
Thanks in advance.
mayuri (Tax Consultant) (238 Points)
09 June 2022One of the client has sold the property and he is having some cash with him, now he want to give that cash to his daughters who are NRI'S.
What will be the applicability of tax in this case?
Thanks in advance.
sabyasachi mukherjee
(26273 Points)
Replied 09 June 2022
mayuri
(Tax Consultant)
(238 Points)
Replied 09 June 2022
Location of property: Hyderabad
and the person is pensioner staying in Hyderabad
Shankar Rugge
(369 Points)
Replied 10 June 2022
How can he remit cash to NRI. He has to deposit cash in bank and then remit. But how much cash he took, which in any case is not allowed in property sell.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 12 June 2022
sabyasachi mukherjee
(26273 Points)
Replied 14 June 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 16 June 2022
CAclubindia
