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Money received from son abroad

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2016 My son is a non-resident for Tax Purposes. He regularly sends me some amount monthly. What should be its tax effect?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
14 November 2016 Money received from NRI is tax free, if you derive any interest income on deposit and your total income from all sources exceeds taxable limit than it will be taxable.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 November 2016 What will be taxable? Interest will obviously be taxable. But is the amount received from abroad be taxable?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
14 November 2016 Amount received is not taxable in your hand.

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