I would like to be guided on the correct authority as per which the foreign remittance
from a NRI to a relative /father/father-in-law is exempted from income tax by a
resident indian who is receiving it in India.Also if there is any limit to the amount
and if there is any specified purpose of utilisation . What could be the procedure to
claim such exemption
As per Section 6 he will not be resident in India if for employment he is out of India for 182 days or more and hence his income will not be taxable in India.
ADY & CO.
New Delhi
Graduate (Any)
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
