What is the tax implication if receiving a foreign remittance from a relative to an individual account.
Is there any limit to such remittance?
Does the purpose needs to be disclosed?
Can it be done via gift deed?
2 Replies
sabyasachi mukherjee
(27574 Points)
Replied 26 September 2023
First point from which account??
second point from which account??
second point from which account??
Basant
(Student)
(63 Points)
Replied 26 September 2023
Both accounts are personal.
Person sending is a citizen of the foreign country and receiver is a citizen of the domestic country.
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