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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Gifts received from non Resident Indians (NRI) from their Non ...


NRIs' Gifts from Non-Resident External Accounts Classified as Undisclosed Income u/s 158B(b) of Income Tax Act.

October 11, 2012

Case Laws     Income Tax     HC

Gifts received from non Resident Indians (NRI) from their Non Resident External accounts - the non genuine gifts to the appellant was undisclosed income and covered by the definition provided in Section 158B(b). - HC

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