Treatment of payment received from relative from foreign

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155 Points Posted on 08 October 2021
*amount received from relative in my bank account
*relative is living in USA
*He send amount for his some personal work their in india
*amt is greater than Rs.1lac

*I want to know that is their tax applicable on payment received from foreign

thanks
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On 08 October 2021 at 12:09 Report
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This discussion clarifies the tax implications of receiving a payment over Rs. 1 lakh from a relative living in the USA for personal work in India. While tax is generally applicable on foreign payments, it's noted that for residents of Delhi, such a payment might not be taxable according to the income tax slab, suggesting it could be treated as a gift.

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9 Points Posted on 08 October 2021
Yes tax is applicable
1 Reply
On 08 October 2021 at 12:38
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155 Points Posted on 08 October 2021
How much tax is applicable on on that
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On 08 October 2021 at 13:05
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9 Points Posted on 08 October 2021
Tax according to that states....
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On 08 October 2021 at 14:31
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155 Points Posted on 08 October 2021
Residing in Delhi

it's not applicable as per income tax slab
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On 08 October 2021 at 15:29

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