A student goes to France for his studies for 2 years, gets STIPEND there. He has saved 9 lacs and wants to bring it back to India. What is the tax implication and procedure?
Kindly suggest....
AMRITESH BHARDWAJ (abc) (24 Points)
17 June 2015A student goes to France for his studies for 2 years, gets STIPEND there. He has saved 9 lacs and wants to bring it back to India. What is the tax implication and procedure?
Kindly suggest....
Nikhil Kaushik
(Fellow CA)
(85387 Points)
Replied 17 June 2015
the stipend should have been included in income in the respective year or receipt and offered to tax.
C.A. Girish R Dalwadi
(C.A. practice)
(213 Points)
Replied 17 June 2015
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 20 June 2015
CAclubindia
