Overseas funds coming in to indian resident
T.N.Reddy (M.Com) (255 Points)
03 November 2021T.N.Reddy (M.Com) (255 Points)
03 November 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177917 Points)
Replied 03 November 2021
If the amount is already tax paid in the country of origin. Transfer from son to mother's Indian account will not attract any income tax.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177917 Points)
Replied 03 November 2021
But it is always advisable to file IT return in such cases.