Tax implications on money transfering from India to abroad for the student studying in abroad.
Is it necessary to file itr by the student for deposits in his account?
IF He is Major and
His Taxable income more than Basic Exemption and
He is resident
Then Yes.
In other cases file if any TCS deducted on remittance.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
