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20 December 2010 How much can a son residing abroad remit money to his parents? Is it taxable in the hands of parents? Should it be treated as loan? What are the provisions of FEMA regarding the same?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
21 December 2010 Remmitance is not a income so it is not taxable.

No, It cannot be treated as loan.

FEMA will not apply.

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