ITAT Mumbai Confirms Tax Exemption on Gifts Received from Non-Resident Brother in India

Last updated: 20 August 2024

In a landmark ruling, the Income-Tax Appellate Tribunal (ITAT) Mumbai bench has determined that a Rs 20 lakh gift received by a taxpayer from his non-resident brother, who resides in the UAE, is not subject to taxation. This decision reinforces the provisions within Indian tax laws that exempt certa

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