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FOREIGN INCOME

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(Querist)
07 March 2020 RESPECTED SIR,
MY QUERY IS THAT MY BROTHER WHO HAVE JOB IN LONDAN. HE WANT TO DEPOSITE SOME AMOUNT IN MY ACCOUNT OR SOME AMOUNT IN MY WIFE ACCOUNT. WHETHER WE ARE LIABLE FOR TAX FOR SUCH FOREIGN INCOME
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Eswar Reddy S

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Eswar Reddy S (Expert)
07 March 2020 No.Not liable. Only Income is chargeable to Income Tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 March 2020 Such gift to relative exempt from income tax.
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