NRI IS APPLICABLE FOR INCOME TAX

[SUNDAR RAJAN]

MY FRIEND'S FATHER IS LIVING IN DUBAI.  MY FRIEND MR SANKAR IS COMPLETING +2 AND WISH TO JOIN IN COLLEGE.  HIS FATHER IS READY TO SENT MONEY FROM DUBAI.  MY DOUBT NRI TRANSFER MONEY WHETHER TAX IMPACT OR NOT

PLEASE REPLY URGENT

[CAGOPALJI AGRAWAL]

Merely transfer of money involves no tax implications.

AI Summary

Tax treatment of NRI remittances: transfers from a nonresident parent to a student do not attract income tax consequences. A nonresident parent sending money to a child for education is a plain transfer and, on the facts presented, gives rise to no income tax implications for the recipient; mere transfer of money does not attract income tax consequences.