Dear Sir/ Madam
My Girlfriend lives abroad and she is canadian resident. If she wants to transfer some money to my indian bank account then is it taxable?
or any issue will rise up?
Thanks!
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Taxable or Non Taxable
Replies (4)
Yes, taxable........
Query will be raised for any high denomimation....
I am not taxpayer now and till how much extent (Money) i am not supposed to pay any tax
Any amount equivalent to Rs. 50,000/- as Gift......... or any amount aggregated to basic exemption limit (ususally 2.50 lakhs)
Okay Thanks for the Information
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