If my uncle transfer's a Lakh Rupess every month from Dubai into my checking acct then am I 2 pay tax for it?
Answer:
No you neednot have to pay any tax on foreign currency as per current rules applicable in India
if tax is paid in Dubai, then you don't need to pay again. That is double taxation policy.
No you dont have to pay taxes, no matter wether your uncle paid it or not.
Absolutely. You have to pay taxes. Even gifts are not tax exempt.
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