Davender Kumar (MANAGER ACCOUNTS AND FINANCE) (60 Points)
22 June 2020If any mother received some amount of money from her son living in abroad by IMPS-Western Union Finance. Is it taxable in India in the hand of the mother?
Thanks & Regards
Davender Kumar
8750002330
Sudiesh
(Audit Assistant)
(527 Points)
Replied 22 June 2020
I think NO.
Gift received from relative is always not chargeable to Tax.
CA (CS) Ujjwal Jindal
(Owner)
(1669 Points)
Replied 22 June 2020
Hi Davender,
Good news for you!
The amount so received by the mother would in no case be taxable in her hands, as it is received from her son!
Probably, her son would have paid the required taxes on this transferred income abroad or in India as the case may be (depending upon his residential status).
This would thus be free from any tax liability in India in the hands of mother.
CAclubindia
