Remittance Received
This query is : Resolved
08 April 2009
One of my friend has received remittance from his friend from US. Total amount received is $ 12K during the F.Y. 2008-09 as gift.
My Questions are ;
01. Whether he has to take prior permission from RBI? If yes then under which regulations.
02. What will be the treatment for gift received under Income tax act?
Reply fast
My Questions are ;
01. Whether he has to take prior permission from RBI? If yes then under which regulations.
02. What will be the treatment for gift received under Income tax act?
Reply fast
14 July 2009
closed.
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