{"id":12861,"date":"2024-12-10T05:43:00","date_gmt":"2024-12-10T05:43:00","guid":{"rendered":"https:\/\/newsfortnite.com\/index.php\/2024\/12\/10\/nris-rs-3-crore-gift-to-mom-genuine-not-taxable-tribunal\/"},"modified":"2024-12-10T05:43:00","modified_gmt":"2024-12-10T05:43:00","slug":"nris-rs-3-crore-gift-to-mom-genuine-not-taxable-tribunal","status":"publish","type":"post","link":"https:\/\/newsfortnite.com\/index.php\/2024\/12\/10\/nris-rs-3-crore-gift-to-mom-genuine-not-taxable-tribunal\/","title":{"rendered":"NRI\u2019s Rs 3 crore gift to mom genuine, not taxable: Tribunal"},"content":{"rendered":"<p>The Mumbai ITAT ruled in favor of a taxpayer who received a \u20b93 crore gift from her NRI son. The I-T department questioned the gift&#8217;s legitimacy, alleging a circular trading transaction, but the tribunal upheld the gift&#8217;s validity due to the son&#8217;s proven financial capacity and dismissed the circular trading claim.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Mumbai ITAT ruled in favor of a taxpayer who received a \u20b93 crore gift from her NRI son. The I-T department questioned the gift&#8217;s legitimacy, alleging a circular trading transaction, but the tribunal upheld the gift&#8217;s validity due to the son&#8217;s proven financial capacity and dismissed the circular trading claim.<\/p>\n","protected":false},"author":0,"featured_media":12862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/12861"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=12861"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/12861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/12862"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=12861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=12861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=12861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}