Money sent from USA taxable?

Originally posted by : Manoj Tilokani
	NO.. IT IS JUST REPATRIATION IN INDIA AND NOT AN INDIAN INCOME SO NOT TAXABLE

 I  AGREE

becoz your brother is giving tax on the income to usa govt so when he is sending income to you it is only repartion & double tax is not possible on one income

so dont worry i is not taxable

& as my friends told u can show it as a loan if u will return this money in future Otherwise treat as a gift so in future u can justify income tax department also about source of income

Dear Nitin,

we are still awaiting ur reply whether it's a loan or gift.

Regards

Kanti Jain

Given the facts of the case, It is absolutely not taxable.

Regards

CA. Sachin Garg

Gurgaon

Originally posted by : kantijain
	Dear Nitin, we are still awaiting ur reply whether it's a loan or gift. Regards Kanti Jain

Dear Kanti,

I already provided the answer see below:

I am not showing it as anything...I specified that when we transfer money using Remit2India or ICICI Money2India services...they ask to choose the Purpose...where he choose either "Gift" or "Family Maintenance". He is getting there the Salary after deducting tax as per USA standards. He is also havinf SSN.

not taxable

It s not taxable. Because that income would have been taxed in US. Again if it is taxed in India, it would lead to Double Taxation

It wont be taxable.