EASYOFFICE
EASYOFFICE
EASYOFFICE

Residential status

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 October 2011 hiiiiiiiii
if an NON RESIDENT of INDIA gives some money exceeding taxable limit, to his parents who are resident of india.....
so is this incoome taxble(in india) in the hand of his parents...if he does payement

1) in cash
2) transfer to their account
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
02 October 2011 No, This is Not Taxable in Hands of parents as Gifts from Relatives as per income Tax rules.
Profile Image

sakshi bansal

Profile Image

sakshi bansal (Querist)
02 October 2011 it wont even charged u/h other sources coz its exceeding 50000????
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
02 October 2011 There is No limit in case of Relative of 50000
Profile Image

sakshi bansal

Profile Image

sakshi bansal (Querist)
02 October 2011 ohk can v tret dis as remittence and even by dis foreign currency is cumin

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links