Residential status

Indirect Taxation

Pls explain pt8 Who is receiver, supplier Why it said some of money excl property movable immovable

Sushmita Chowdhury

CA Inter

★ 2K+

25-Feb-24 18:30

377

Answers (3)

Sum of money means cash gift. Gift of movable or immovable property is not covered in this point.

Shiva Teja

Faculty

25-Feb-24 18:32

Shiva Teja Faculty

Sum of money means cash gift. Gift of movable or immovable property is not covered in this point.

Here resident giving cash gift more than 50000, to non resident So income of non resident will be accrued in India ? That’s the interpretation?

Thread Starter

Sushmita Chowdhury

CA Inter

★ 2K+

25-Feb-24 18:34

Thread Starter

Sushmita Chowdhury

Here resident giving cash gift more than 50000, to non resident So income of non resident will be accrued in India ? That’s the interpretation?

It is deemed to be accrued in India.

Shiva Teja

Faculty

25-Feb-24 18:34