Money transfer form NRI
A lender is the resident Indian but his son is NRI. Can the son directly transfer the money to the borrower, without the lender having to receive it and then transfer it to the borrower?
A lender is the resident Indian but his son is NRI. Can the son directly transfer the money to the borrower, without the lender having to receive it and then transfer it to the borrower?
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I didn't understand facrs which you have provided. Please make it more clear a d let us know.
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Sir my account has negative balance due to tcs on LRS which is applicable on my international withdrawal. In my case bank haven't collected any tax at withdrawal which is supposed to collect my friend ...
Hello Sir,
I didn't understand your question. Please make it more clear and let us know.
Thank you
I didn't updated rent agreement and details to my employer, employer has shown minimum HRA under salary slip which results least amount to be exempted in the form 16. Is there any way to claim complet ...
when filing your return you can claim the entire amount whatever actually paid, the employer whatever amount left over that you can mention in the return and get refund
Can we invest let's say 5000 in section 80 CCD (1) and the 50000 under section 80 CCD 1 (b). If yes how that can be done ? Note : For the remainder amount I intend to use ELSS as my option
As per income tax, all claims are subject to a maximum amount, which will change every year, and each section comes under a chapter. the entire chapter will give an exemption fixed amount only.
Other Responses
We have bought a house jointly (husband + wife). The house has been purchased with the help of housing loan (loan taken jointly in the name of husband and wife) on which EMI is currently planned to be ...
Dear Sir,
Better clarify your financial doubt with any Chartered accountant or Auditor who will be more acquainted with such issues.
Hello, I came from Russia on a tourist visa. I plan to stay in India for a long time. Please tell me what taxes I have to pay on my salary. I am an individual and the employer is from Cyprus.
Dear Client,
NRIs have to pay income tax on income earned in India. NRIs have to pay tax on income that accrues or arises in India. NRIs also need to pay tax on income which is deemed to accrue or arise in India. Money received or deemed to be received in India is taxable.
Hi Sir, i have not worked from April'22 to Aug'22. However i will get a job offer by next week sep 15 2022. How will the last 5 months tax calculation happen as i have no other income for the last 5 m ...
Income tax is calculated on the net salary. A net salary is the gross salary minus the allowances and deductions for the financial year. It absolutely depends upon what is your total monthly taxable income (The total monthly taxable income is the total taxable income for the financial year divided by 12 months)
My father sold property and paid tax now he is planning to transfer amount to my account, Can i submit partition deed as a proof, also tell me how to submit proof ( is there any online option or can ...
Dear Sir,
The above question purely related to Tax matters as such you may go to any chartered accountant or Auditor.
I purchased a residential plot 8 months back to construct a house using the funds I borrowed from my husband. Now i sold a residential house owned by me and this sale brings L.T.capital gains. If I re ...
Dear Madam,
Your question will be answered by chartered account or auditor as it pertains to income tax related matter.
Hello, I am a Business Consultant based in India. I get my consultancy fee (gross revenue) from my Hong Kong client via USDT. Its gross revenue received as Consultancy Fee(professional income) and no ...
Dear Sir,
Please consult an expert on the above issue or approach Auditor or chartered accountant and claim benefits accordingly. Lawyers are unable to answer your questions.
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