GIFT RECEIVED FROM NRI BROTHER CAN BE EXCLUDED FROM TAXATION AND NOT TAXABLE : INCOME TAX APPELLATE TRIBUNAL
FEMA requires observation of its provisions in letter and spirit and if any contravention may land in penalties on the erring company and individuals. There are various conditions and stipulations in case of FDI , ODI , investment by individuals in foreign shares , purchase of assets in foreign countries , extending guarantees , availing ECBs , supplier's credit . In this column , I will discuss all intricacies and complications involving the interpretation of FEMA Act provisions in detail.
Showing posts with label #GIFT RECEIVED FROM NRI BROTHER NOT TAXABLE : ITAT. Show all posts
Showing posts with label #GIFT RECEIVED FROM NRI BROTHER NOT TAXABLE : ITAT. Show all posts
Saturday, August 24, 2024
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