Hi, I am studying in Europe and I have a scholarship. I send money to India as and when required by my family. Do I need to pay tax for this remittance? If I get a job in Europe and also send money to home then what will be the taxable amount for me? Thanks for your replies in advance.
RE:Is my remittance taxable?
by Amitabh on Apr 24, 2007 07:26 AM Permalink
Scholarships are exempt from tax in India.Gifts to relatives as defined in the income Tax Act are also exempt from tax.So no tax to be paid in india for the remittance.If you get a job in Europe you will be taxed in Europe only,not in India even if the money is later on remitted to India,provided you remain a non resident in India.
