Taxability of Gfit by Resident to Non-Resident
This query is : Resolved
28 March 2008
Dear Sir,
One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.
One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.
03 April 2008
According to FEMA giving gift is permissible and it can be paid, please check once in income tax act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
