Income tax

Tax queries 306 views 1 replies

A person got USD from relatives in United States INR 900000. He is not tax payer, how he can save tax.The relative is also not covered in the definition of relatives u/s 56.

Replies (1)

If this person is not a relative as per the income tax act, then this amount shall be assessed and taxed under income from other sources. And one will have to file ITR showing this income.


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