NRIS in fix
This is ridculous. If someone has 60000 of gifts money in a locker in India collected over a few trips, they are going to be running around.
My sons friend from USA is struggling as we speak. Landed on 31st and now trying to figure out what to do in Pune. more
I have also come across many NRI's who have also done similar manipulations and depositing their relatives money into their NRO accounts when these NRI's have multiple accounts and thinking that they would escape detection by the Govt since for NRI's giving PAN is not mandatory while opening accounts. more
Surely you can show it was a gift with a note from whom it was given ,or bank /ATM withdrawal slip to justify it .
If not think of it as a tax to help clean India and bear the loss . more