I am resident of India and I will receive 2.5% Share of Partnership company based in Germany by way of gift. Please tell me that when the profit is deposited in my bank account in Germany then do I have to inform the tax authorities in India. Am I obliged to transfer the profit to india on immediate basis. I am expected to pay taxes in Germany and if I have to pay taxes on this income , will I get credit of this tax in India

Your questions are asking about tax law for India and Germany.

This forum deals exclusively with tax issues for the United States.