MONEY RECEIVED FROM NRI SON

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Amount received by a father from his Son residing 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 re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... quires submission of FC1 in cases where gift is recieved from any relative. Or is FC1 applicable only for gift received from foreign citizen. Please clarify - Reply By DR.MARIAPPAN GOVINDARAJAN - Th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Reply = Any amount received by a father from his son in foreign country is a gift. Therefore filing FC-1 is required if the amount involves more than ₹ 1 lakh. - Reply By Jayaprakash Kama .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... th - The Reply = Amount received from NRI holding Indian passport are not not falling under purview of FCRA. No reporting required - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = May I know the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... provision sir? - MONEY RECEIVED FROM NRI SON - Query Started By: - Pathy Senthil Dated:- 24-6-2021 FEMA - Foreign Exchange Management - Got 3 Replies - FEMA - Discussion Forum - Knowledge Sharing, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X