Income Tax or any regulatory implications of getting free journey tickets from friend settled overseas?

My friend wishes to travel on excursion (tourist visa) to U.S.A. Another friend, who is inviting him, has agreed to pay for and send the air tickets from U.S.A. itself for the journey to and from U.S.A.

Will this free ticket attract any income tax and does it have to be informed in the Income Tax Return ? Or, does it have any other foreign exchange regulation implication ? Kindly advise.

how much financial adcisor charge for giving advise?where we can get free advise?

Wrote letter to ‘PRESIDENT OF INDIA’



As per survey taken by ‘’RS.INVESTMENT’s’’ 68% of people in India don’t know
How to manage their finance neither they can afford to pay the high fee of financial advisor

In today’s world getting knowledge for ur finance is very important. But when we ask for any knowledge the CFP do charge to manage our finance

I have wrote to president and education minister regarding this that there should be subject in every stream after 12th STD where student can understand about capital market and financial market . so according to that each an every individual can plan there finances.

Savings Bank Account ,Money Market Funds (also known as liquid funds) ,Bank Fixed Deposit (Bank FDs) ,Post Office Savings Schemes (POSS), Public Provident Fund (PPF) ,Company Fixed Deposits (FDs) ,Bonds and Debentures , Mutual Funds

These are the basic things where we should be having knowledge about
And I demand for free advise in today’s market so that the people in India should save money not book losses in capital market

Every time when there is big market correction we always here suicide cases through out India

I will be writing to SEBI as well to get each and every broker and operator should be given training for capital advise and financial advise