My sister, brother and cousin ( son of my mother's sister) are Non Resident Indians currently living in the US. They want to send us quite huge sum of money regularly to my account or my husbands account for improving our financial status. Please note, the money is purely out of love and affection and no consideration is attached to it.
Me and my husband are both employees of state government, as a result we file our ITRs regularly. What should we do with these remittances, is there any way for acquiring them without having to bear any tax implications.
Jan. 08, 2018