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Money Transfer from Abroad to Chennai (TN)

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(Querist)
13 November 2008 Dear Sir/Mam,

I have one doubt if one person transfer

Some money from abroad to Indian person

What should have the Indian person and

How the tax department treats this if the

Amount exceeds $80,000. Because if any

Amount received from abroad with out loan

Purpose it will non taxable (I heard).

Please clear the doubt.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
13 November 2008 It is too vague a question to answer. This require the details.
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Ravikumar.G

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Ravikumar.G (Expert)
17 November 2008 First you ensure the residential status and as per the provisions of sec 5 of IT act.
To ensure is there any FEMA violation.
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