kindly tell me the tax implications of transferring money from abroad to India for NRI Mr. A
there are 2 queries:
1. if Mr. A from abroad is transferring money to his own indian saving bank account.
2. if Mr. A from abroad is transferring money to his real unmarried sister's savings bank account.
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transferring money to india
Replies (2)
Since the assessee is an NRI, assuming that such income is earned as well as (first) received outside India, such income would not be taxable in India if subsequently tranferred to assessee's own account in India. Further, any transfer (in the nature of gift) to relative is not taxable in the hands of recipient (i.e. sister).
madhava is correct
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