Taxability of Gfit by Resident to Non-Resident
This query is : Resolved
28 March 2008
Dear Sir,
One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.
One of my Client, willing to gift a money of INR in the form of Swiss franc to his Brother at Switzerland. What is the taxability of the amount remitted as foreign currency in India . Hope there is no DTAA between the Home country and receiver's country for Gift. Insuch acase , What is the Procedure he should comply.
03 April 2008
According to FEMA giving gift is permissible and it can be paid, please check once in income tax act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
