My uncle is a citizen of USA and in FY 2012-13 he earned income more than 10 lakh and he deposited in india in form of cash by exchange the foreign currency here. Now he received a leter from Income tax Department. kindly tell me what reply i should give. Should i give reply online by compliance?
Menu
Foreing Income
Replies (1)
If the income was taxed in US no tax liability would arise in India. So, reply to the concerned authourity about the source of the deposits along with the facts. Yes, if any compliance is generated in this case, you can submit it online.
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
Related Threads
CAclubindia
