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
Clarification on Tax Implications: Daughter Sends $2000 to Father in India; Not a Gift if Transaction is Genuine. A query was raised regarding the tax implications of a daughter in the USA sending 2000 USD to her father in India through a friend's bank account. The concern is whether this amount would be considered a gift and its tax liabilities. A chartered accountant responded, suggesting that if the transaction is genuine and can be substantiated, it should not be treated as a gift for tax purposes. (AI Summary)
TaxTMI 
TaxTMI 
