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amont received from USA, Income Tax

Issue Id: - 5333
Dated: 19-2-2013
By:- Pradeep Jain

amont received from USA


  • Contents

Amount received from USA

Dear Sir,

My friend's daughter has been working at USA. She has send 2000 USD to his father in India.

But said amount has been remitted in India through her freind saving bank account.

In such case what would be implications / Tax liabialities , If ann ore would be trated gift by daugher to father.

Kindly provide your  opinion.

Regards

Pradeep Jain

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 22-2-2013
By:- CA. Surender Gupta

I think all depends on the facts and circumstances in which she has used friend,s account. If it is a genuine transaction and can be proved, no addition as gift to my minde.


Page: 1

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