Tax query regarding amount received from NRI blood relative

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....ax query regarding amount received from NRI blood relative<br> Query (Issue) Started By: - Aditya Gupta Dated:- 30-8-2015 Income Tax<br>Income Tax<br>Hi, My real brother who is an NRI and settled in....

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.... USA, wishes to send some money to me, which i plan to invest in a friend&#39;s business. What are the tax implications that I will have to face? Are there any other implications apart from tax? Also....

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...., when I receive the amount from my brother as a gift, do I need to disclose it to the bank? Thanks in advance. :)<br> Discussion Forum - Knowledge Sharing ....