Fund transfer by NRI

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401 Points Posted on 03 April 2023
An assessee is migrating to India permanently from Dubai. Her late husband's brother will support her livelihood on monthly basis from abroad. He should transfer fund from his NRE account to assessee's account in India. What will be the tax implications?
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On 03 April 2023 at 14:36 Report
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Quick Summary
An NRI based in Dubai plans to transfer funds monthly to support their sister-in-law who is permanently migrating to India. The discussion clarifies that if these funds are not required to be repaid, there will be no tax liability for the recipient under Indian Income Tax Act.

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SEO Sai Gr. Hosp.
212453 Points Posted on 03 April 2023

No tax liability on any amount received from BIL under Indian Income tax act, if the same is not required to be repaid by her.

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On 03 April 2023 at 18:33
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Profession Business
28246 Points Posted on 04 April 2023
No tax liability in this case.
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On 04 April 2023 at 09:15

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