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!
Yes, taxable........
Query will be raised for any high denomimation....
Any amount equivalent to Rs. 50,000/- as Gift......... or any amount aggregated to basic exemption limit (ususally 2.50 lakhs)
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
CAclubindia
