Receipt of gift by a nonresident Indian - assessee cannot be ...

Nonresident Indians not required to verify donor's fund origin for gifts under Gift Tax Act.

June 5, 2015

Case Laws Income Tax HC

Receipt of gift by a nonresident Indian - assessee cannot be asked to prove the source of source. Moreover, Gift Tax Act nowhere provides that a gift by somebody who is not creditworthy is not a gift. - HC

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Receipt of gift by a nonresident Indian - assessee cannot be ...

Nonresident Indians not required to verify donor's fund origin for gifts under Gift Tax Act.

June 5, 2015

Case Laws Income Tax HC

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