Hi all,
My relative was in the US for 3 months on business visa. His company owes him around $18000 for his services. He is saying that to avoid tax in India, he wants his company to issue a check in my name to my NRE account in India. And then I can transfer the realized money from my NRE account as a gift to him (as gifts from relative do not attract any tax)
I don't think this is legal, but can you guys shed some light on the matter please ?
Thanks for your help in advance.
My relative was in the US for 3 months on business visa. His company owes him around $18000 for his services. He is saying that to avoid tax in India, he wants his company to issue a check in my name to my NRE account in India. And then I can transfer the realized money from my NRE account as a gift to him (as gifts from relative do not attract any tax)
I don't think this is legal, but can you guys shed some light on the matter please ?
Thanks for your help in advance.