TaxTMI 
TaxTMI 
MONEY RECEIVED FROM NRI SON
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....ONEY RECEIVED FROM NRI SON<br> Query (Issue) Started By: - Pathy Senthil Dated:- 24-6-2021 Last Reply Date:- 7-12-2021 FEMA<br>Got 3 Replies<br>FEMA<br>Amount received by a father from his Son residin....
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....g abroad. Son is a NRI and holding Indian passport. Whether such receipts more than 1 lakhs has to be reported in FCRA Form FC1. Rule 6 of FCRA requires submission of FC1 in cases where gift is reciev....
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....ed from any relative. Or is FC1 applicable only for gift received from foreign citizen. Please clarify Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Any amount received by a father from his son in ....
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....foreign country is a gift. Therefore filing FC-1 is required if the amount involves more than ₹ 1 lakh. Reply By Jayaprakash Kamath: The Reply: Amount received from NRI holding Indian passport....
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.... are not not falling under purview of FCRA. No reporting required Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: May I know the provision sir?<br> Discussion Forum - Knowledge Sharing ....