If i Received Salary in Qutar (Tax free), and later i transferred to my Parents Account in India is taxable in Parents hand?? or can i transfer to My own India Account is taxable?
Incidence of taxation. and The querist is a NRI. HE IS A NRI . NOW ANY.MONEY SENT TO PARENTS IS NOT TAXABLE. Becoz that is governed by Quatar laws . The income is deemed to accrue or arise outside India.
In both cases it is tax free if you transfer money to your passbook or your parents but if they futher invest that money then taxable in their hands as per rules and regulations similarly if interest in your passbook crossed 10000 then you need to report as per Indian itr as in quatar salary employees are fully exempted from taxation but in india interest exemption is only 10000