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Taxability of Cash received from son(Residing in US) in hands of dependent father
What is the tax implication of cash received from son living in US either through bank or in cash in the hands of dependent parent? (Please specify the limit for the same for considering it has exempt)
Replies (2)
Not taxable
The income earned by him in th foreign country is taxable in that country only.
A foreign remittence by a person utside India after earning at there is an application of income, hence not taxable
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