Gift received in foreign currency through deposit in Non-resident A/c held in HDFC, Jaipur Branch, equivalent to ₹ 54,000 will be ……
A. 4000 will be taxable in the hands of OR, NOR, NR.
B. 54,000 will be taxable in the hands of OR ROR, NR
C. 54,000 in the hands of OR, NOR only
D. Gift income is exempt.
Answer:B
Gift received in foreign currency through deposit in Non-resident A/c held in HDFC, Jaipur Branch, equivalent to ₹ 54,000 will be ……
A. 4000 will be taxable in the hands of OR, NOR, NR. B. 54,000 will be taxable in the hands of OR ROR, NR C. 54,000 in the hands of OR, NOR only D. Gift income is exempt.