money transferred from abroad
This query is : Resolved
CA Abhishek Singh
(Querist)
19 April 2009
dear all
one of our client (resident) has nre account in india. his son transfers money from abroad to his account. is this taxable in the hands of father?
what if his son is R&OR ?
one of our client (resident) has nre account in india. his son transfers money from abroad to his account. is this taxable in the hands of father?
what if his son is R&OR ?
CA.ViVeK M ACA
(Expert)
20 April 2009
It is not taxable and there is tax excemptions for certain period.
Sanjay Soni
(Expert)
20 April 2009
agreed
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