kindly tell me the tax implications of transferring money from abroad to India for NRI Mr. A
there are 2 queries:
1. if Mr. A from abroad is transferring money to his own indian saving bank account.
2. if Mr. A from abroad is transferring money to his real unmarried sister's savings bank account.
Menu
transferring money to india
Replies (2)
Since the assessee is an NRI, assuming that such income is earned as well as (first) received outside India, such income would not be taxable in India if subsequently tranferred to assessee's own account in India. Further, any transfer (in the nature of gift) to relative is not taxable in the hands of recipient (i.e. sister).
madhava is correct
Recent Threads
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
Related Threads
CAclubindia
