not taxable to your brother.
Tax for money sent from UK to India
Page no : 2
CA LALIT WADHWA
(FRESHER)
(105 Points)
Replied 16 December 2011
moneytransfer 4m abroad is nt taxable..u cn send any amount u want..it will not taxable in the hands of ur family...
* Krishna *
(CA Student)
(6149 Points)
Replied 17 December 2011
@ Amit:
No limit for transferring money to India to your family. Hope you have done the transfer through NRE a/c. It is advisable for you to send one offer letter with regard to gifting the amount to your brother and receive back his acceptance for the same and you both keep that as record of the transaction made.
kumal jee mishra
(Article Assistant)
(68 Points)
Replied 19 December 2011
remittances are not taxable from relative, if you receive more than 50000 from other than relative then all amount are taxable.
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