tax implication in case of money received in $ from relative
This query is : Resolved
02 April 2009
what if i get money in $ as gift from my relative in exceess of Rs.50000
02 April 2009
If you are getting gift from a relative, then there is no tax liability even if exceeds Rs.50000. Rupees or dollars does not matter in any case.
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04 April 2009
agreed
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