tax treatment of foreign reciepts

[tahir.rauf]

hi friends!i am a bit confused about the tax treatment of foreign reciepts as gift. for example a pakistani resident individual is a govt employee and has no other source of income;at the same time he recieves rs 50,000/month from his son who is serving in germany. i wanna know is that is the amount recieved as gift from a blood relative is taxable? f yes what is the tax rate applicable?

i am doing CA

[tahir.rauf]

hello guys ! where all of u are?i asked the question of tax treatment after 2 reading none of u replied.i wanna know the treatment coz i hav to complete the books of a comany.n yet tax not finalised.waaiting for ur replies.bye

you can contact the author at [email protected] is doing inters in CA inters in DUBAI

[massood akhter]

Hello,

As per your stated situation there is no tax liability on the part of the recepient in paksitani tax laws.

massood ar.

[tahir.rauf]

hello massood! thank u for ur comment i had been anxiously waiting for the reply. as i,m practicing in UAE there is hardly any income tax in UAE that is why i was confused.


thnk u once again.ALLAH HAFIZ

you can contact the author at [email protected] is doing inters in a CA firm in DUBAI