Upgrad LLM

land compensation


Dear Sir,

I ‘m an NRI.I will be receiving the money from my parents. My parents will be receiving the Land compensation from High court on behalf of Govt of Tamilnadu.The land category is rural area.

 

Can I get the money from my parents as a gift or Inheritance benefits. Is there any tax applicable if I will receiving the Land compensation  money from my parents.

 

Regards

Sekar

 
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Subject to rules regarding transfer of money from India to any foreign country, there is no tax effect upon you.

 
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