Poonawalla fincorp
Poonawalla fincorp

GIFT RECEIVED

This query is : Resolved 
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(Querist)
10 November 2010 A PERSON WHO IS LEAVING IN USA HAS GIFTED RS. 200000.00 TO HIS BROTHER WHO IS LEAVING IN KOLKATA

IS THERE ANY TAX TO BE PAID BY ANYONE
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
10 November 2010 NO. PROVIDED SAME AMOUNT SHOULD BE PAID FROM THE TRANSFERER'S TAXABLE INCOME.

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