A resident female individual wants to send some amount say Rs 6 Lacs from her saving account in India , to her Daughter-in-law 's overseas bank a/c abroad thru wire transfer under Liberalized Remittance Scheme. and within prescribed limits. As Spouse Of Son is NRI and therefore following queries :-
1. Is this transaction including mode of transfer covered under Exempted Gifts List ? 2. Is Daughter- in- law is liable for any Income tax in India. ? 3. Is Resident individual ( i.e sender ) liable for any withholding tax in India when her daughter in law is filing IT return in India also on Indian Income. ? 4.Is NRI Daughter-in law required to show or report this amount anywhere in her ITR in India. ? 5.Can remittance be made appropriately under head of' Maintenance of Close Relative ' abroad. ( Definition of ' maintenance ' not defined anywhere ).?
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