sir , Amount received from my Friend
outside India . it is credited my bank account it is taxable? My Freind wo foreigner he pay tax in his country ? both taxable?
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Taxable income of received from Foreigner
Replies (3)
Any gift of value Rs. 50,000/- or more from non-relative is taxable.
Above 50000 rupees is taxable
Gift worth above 50,000/- is taxable from non relative
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