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| Discuss NRI sending money from NRE to mom's residence demat a/c for her trading- tax issues! at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I have posted this question in another tax thread, so far did not receive ... |
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#1
5th November 2007, 12:27 AM
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NRI sending money from NRE to mom's residence demat a/c for her trading- tax issues!
Hi,
I have posted this question in another tax thread, so far did not receive any response, so thought would post so that any senior would answer. I have Question: I am an NRI and my Mom has residential account in India and she has demat and online trading account also(3in 1) I am sending money to my NRE account and from there I am transfering to her residential bank account and then she trades from her account. My mom is a retired person and she gets only pension as income. Now I have given her lot of money from my NRE account for her stock trading and investing. In future I am going to get the money from her when I return back to India. Now how would be the tax charged for her? and how much tax I have to pay when I get it from her back to my residential or NRO account, the profit and money? Most of her trading money is from my NRE account. Naturally I will get from her back. Please advise me what is the best way to avoid taxes. Thank you in advance sincerly sam 
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