Foreign money received from husband from quat.
This query is : Resolved
21 November 2016
RESPECTED SIR,
MY ONE LADY CLIENT RECEIVED MONEY FROM QUAT COUNTRY IN HER BANK ACCOUNTS IN EVERY MONTH FROM HER HUSBAND. NOW SHE WANT TO SUBMIT INCOME TAX RETURN. HOW WILL IT SHOWN IN RETURN AND WHICH RETURN WILL BE SUBMIT.
BESIDES SHE PURCHASE TWO LAND IN CASH.
MY ONE LADY CLIENT RECEIVED MONEY FROM QUAT COUNTRY IN HER BANK ACCOUNTS IN EVERY MONTH FROM HER HUSBAND. NOW SHE WANT TO SUBMIT INCOME TAX RETURN. HOW WILL IT SHOWN IN RETURN AND WHICH RETURN WILL BE SUBMIT.
BESIDES SHE PURCHASE TWO LAND IN CASH.
22 November 2016
If she is receiving money from husband, it is not income in her hands. She need not file return in such case. However, if she is receiving any income from the assets purchased from that money, in such case it would be considered to be capital gains
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