Amount Received from USA

29 August 2018

If Amount received from my brother in USA at My Bank Account what is Tax treatment in Income Tax Calculation?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178149 Points)
Replied 29 August 2018

It is not taxable, if received as gift or interest-free loan or for personal usage....

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Ratan Sarraf (137 Points)
Replied 29 August 2018

depends upon nature of business or service you provided against that receipt .
please tell me what business/service you provided

Hardik Patel (76 Points)
Replied 29 August 2018

My brother doing Job in USA

Ratan Sarraf (137 Points)
Replied 29 August 2018

it is not taxable in your hands.

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