Why Financial Planning?

Planning is bringing the future into the present so that you can do something about it NOW.

We love getting gifts. Gifts might involve a lot of emotion and tradition. But we have to consider practical and mundane things like rules and taxation when it comes to gifts in terms of cash or assets.

NRIs can give and receive gifts in cash or kind (jewelry, antiques, property) to and from relatives and non-relatives in India. Check tax on gift in India & exemption limits…

You can also get NRI Gift Deed Format from the end of this post

gift tax in india

Must Read – NRI Tax in India new rule

NRI Gift Tax In India 

Let us look at the tax implications of gifting for NRIs but first check basic definitions which will help you in understanding the rules & other issues.

Definition

The Income Tax Act defines a gift as any asset received without consideration like money or money’s worth. It can include cash, movable property, immovable property, jewelry, etc.

Check – Tax Residency Certificate for NRIs

Relatives and Non-relatives

The treatment of Gift Tax In India is different when given to relatives and when given to non-relatives. The following people are considered relatives –

Father Child’s Spouse
Mother Grandchildren
Stepmother Grandchild’s spouse
Spouse Siblings
Children Stepsister and Stepbrother
Stepchildren Siblings’ spouse.
Grandparents

All other persons are considered non-relatives.

Must Read – NRI Resident Savings Account

NRI Gift Taxes Rules In India 

  • Immovable property can be gifted to an NRI provided the remittance of sales proceeds does not exceed USD 1,000,000 per year.
  • NRIs can get gifts from relatives in the form of shares and securities provided the gifts do not exceed 5% of the paid-up capital of the company; the sectoral cap is not breached and the NRI is eligible to hold the securities.
  • A gift received from a specified trust, specified fund, or as a scholarship from educational institutions is not taxable.
  • If the gifts are an immovable property outside of India, it is exempt from tax.
  • The value of the gifts cannot be considered as a deduction while calculating income tax.
  • Income received from a gift in India is taxable in India whether the receiver and giver are Resident Indians or NRIs.
  • When you receive gifts, make sure the necessary documentation is in place.
  • Cash gifts that exceed Rs. 2,00,000 can be subject to penalty. Ensure that you get the relevant gift through cheques or bank account transfers.

nri gift taxes india

Must Check – NRIs should consider before buying a gadget abroad

Gift by NRI to Resident Indian

NRI gifts to Resident Indian – Let us look at the different scenarios when an NRI gifts to Resident Indian –

  • Gifts from NRI Relative are exempted from tax – When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.
  • When an NRI gives gifts in the form of cash, cheque, items, or property that is within the value of Rs. 50,000 to a Resident Indian who is not a relative, both giver and receiver are exempt from tax in India.
  • When an NRI gives gifts in the form of cash, cheque, items, or property that exceeds the value of Rs. 50,000 to a Resident Indian who is a non-relative, the NRI gift taxes India is payable by the receiver. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.
  • When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian for marriage or through will, both giver and receiver are exempt from tax in India irrespective of the ‘relative’ status.

tax on gift in india

Must Read –Power of Attorney for NRI

 Gift to NRI by Resident Indian

Resident Indian gives a gift to an NRI – Let us look at the different scenarios when an NRI receives a gift from a Resident Indian –

  • A gifts to NRI Relative is exempted from tax – When a resident Indian gives a gift in the form of cash, cheque, items, or property to an NRI who is a relative, both giver and receiver are exempt from Gift tax in India.
  • When a resident Indian gives a gift in the form of cash, cheque, items, or property that is within the value of Rs. 50,000 to an NRI who is not a relative, both giver and receiver are exempt from tax in India.
  • When a resident Indian gives gifts in the form of cash, cheque, items, or property that exceeds the value of Rs. 50,000 to an NRI, who is a non-relative, the India gift tax NRIis payable by the receiver. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver. The maximum limit for such a gift is USD 250,000 in one financial year. [This limit is defined under LRS (Liberalised Remittance Scheme) – the total amount of foreign exchange purchased from or remitted through, all sources in India.]
  • When a resident Indian gives gifts in the form of cash, cheque, items, or property to an NRI for marriage or through will, both giver and receiver are exempt from tax in India irrespective of the ‘relative’ status.
  • When a resident Indian gives a gift in the form of shares or securities of an Indian company, the total value cannot exceed USD 50,000 in one financial year. The gift should follow the regulations of RBI regarding NRIs holding stock in Indian companies.

When you give a gift or get a gift, make sure you understand the rules regarding gifts and the tax implications and act accordingly. wiseNRI

The information that I shared in the above post is one part of the story – issues can be complex based on your resident status. If we talk about the USA – you can gift up to $15,000 in a year. This is not that simple but just an example. So check the rules in countries where you are staying.

NRI Gift Deed Format

It’s important to sign-gift deeds & keep them safe to avoid issues in the future. Many readers were asking for sample NRI gifts deeds that they can copy. So I have added ready to use gift deed format for immovable property & even movable property.

Please share any additional information or experience that you have about a gift to NRI or gift from NRI – that will really help all readers. If you have any questions related to NRI gifts taxability in India – feel free to add them in the comment section.

Published on December 26, 2022

Hemant Beniwal


Hemant Beniwal is a CERTIFIED FINANCIAL PLANNER and his Company Ark Primary Advisors Pvt Ltd is registered as an Investment Adviser with SEBI. Hemant is also a member of the Financial Planning Association, U.S.A and registered as a life planner with Kinder Institute of Life Planning, U.S.A. He started his Financial Planning Practice in 2009 & is among the first generation of financial planners in India. He also authored Bestseller book "Financial Life Planning". 

  • Can we transfer money to an NRE account and use that to buy property in India? What are the tax implications in US or India for it .?

    • Hi Pricks,

      Yes, money can be transferred to an NRE (Non-Residential External) account in India and used to purchase property. NRE accounts are specifically designed for Indian citizens living abroad to hold and manage their foreign income in India.

      As for the tax implications in the US, money transferred to an NRE account is considered as foreign income and is subject to US taxes. However, if the money is being transferred from a foreign bank account that you already own and the money was already taxed in the foreign country, you can claim a foreign tax credit or exclusion to avoid double taxation.

      In India, income earned outside India is not taxable in India. However, if the property is rented out, the rental income earned will be taxable in India. Also, the capital gains on sale of property will be taxable in India if the property is sold within three years of purchase.

      It is recommended to consult a tax professional in both the US and India to understand all the tax implications and to ensure that you are in compliance with all the tax laws.

    • Hi Sanjiv,

      You can gift money to your nephew in India by transferring it to his bank account. However, if you want the money to be vested in 4 years, you have a couple of options:

      Trust: You can set up a trust in India, with your nephew as the beneficiary, and transfer the money to the trust. The trust can specify that the money will be vested in your nephew after 4 years. This can be done with the help of a lawyer or a professional trust company.

      Will: You can also make a will and specify that the money will be transferred to your nephew after 4 years. However, this option may not be as flexible as a trust, and the will takes effect only after your death.

      It’s also important to note that there might be certain legal and tax implications in both India and your country of residence. It’s recommended to consult with a lawyer or a tax professional to ensure that the gift is in compliance with all the laws and regulations, and to understand all the tax implications of gifting the money.

    • Hi Parkar,

      If your brother residing in UAE sends money to you in India, the money is not taxable in India. As per the Indian Income Tax Act, money received as a gift from a relative is not considered as income and therefore is not taxable. A relative is defined as spouse, brother, sister, brother or sister of the spouse, brother or sister of either of the parents, any lineal ascendant or descendant. However, it’s worth noting that your brother might be subject to taxes in the UAE for sending money out of the country. It’s recommended to check with a tax professional in the UAE to understand the tax implications for your brother.

      It’s also important to note that if the money is being sent for a specific purpose such as a business venture or for buying property and the money is being sent regularly, the regularity of such transactions could be seen as a business income and might be taxable.

      It is always recommended to keep all the transaction records and communication with your brother to establish the nature of the transaction in case of any future inquiry by tax authorities.

    • Hi Minex,

      An NRI (Non-Resident Indian) son-in-law living in the USA can give a gift to his mother-in-law or father-in-law who are residing in India. There is no limit on the amount of the gift, but if the gift exceeds INR 50,000 (Indian Rupees Fifty Thousand), the recipient will have to pay taxes on it according to the Indian income tax laws. It is advisable to consult a tax professional for more information on gift tax and compliance with Indian tax laws.

    • Hi Divya,

      If your daughter-in-law remits money from the US to her husband’s NRI (Non-Resident Indian) account in India, it would not be considered a gift and would not attract gift tax. However, the money would be subject to foreign exchange regulations in India and any income earned on that money would be subject to income tax in India. It is advisable to consult a tax professional for more information on foreign exchange regulations and compliance with Indian tax laws.

    • Hi Karan

      In most cases, TDS (Tax Deducted at Source) is not applicable when someone wires a gift to another person. However, TDS may be applicable if the gift exceeds a certain amount set by the government. It’s best to check with the relevant tax authorities to confirm whether TDS is applicable in your specific case. Additionally, It’s also important to note that, it could vary from country to country.

    • Hi Jerry,
      As an NRI, you are allowed to gift a used vehicle to your mother in India. However, there are certain procedures that you will need to follow in order to transfer the ownership of the vehicle to your mother.

      First, you will need to obtain a “No Objection Certificate” (NOC) from the regional transport office (RTO) where the vehicle is registered. The NOC is a document that certifies that the vehicle is registered in your name and that there are no outstanding dues or loans on the vehicle.

      Next, you will need to transfer the ownership of the vehicle to your mother. This can be done by filling out the appropriate forms at the RTO and paying the necessary fees. You may also be required to provide documents such as the NOC, the vehicle’s registration certificate, and proof of identity for both you and your mother.

      It is advisable to consult a lawyer or a professional at the RTO to ensure that the transfer of ownership is done correctly.

    • Hi Surajit,

      In India, it’s tax-free but it is advisable to consult a tax professional to determine the specific tax implications of this gift and to ensure that you are in compliance with Indian tax laws.

  • What are Indian gift tax implications when an Indian resident (mother, father) citizen receives AUD 200K from a blood related Australian citizen (child) via an international money transfer for the purpose of property purchase in mother, father and another sibling’s name?

    • Hi Sanjeev
      There are no gift tax implications in India for a resident Indian citizen receiving a gift of AUD 200,000 from a blood-related Australian citizen. However, the Indian resident may be required to pay income tax on any rental income or capital gains earned from the property purchased with the gifted funds. It is advisable for the Indian resident to consult a tax professional to determine their specific tax obligations in this situation.

    • Hi Kasthuri,

      Yes, but there will be Tax implications. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.

    • Hi jay,

      If a non-resident Indian (NRI) has purchased agricultural land without fully understanding the laws and regulations surrounding the purchase, they should immediately seek the advice of a legal professional with experience in real estate and agricultural land laws in India. They should also consult with any relevant government agencies to ensure that the purchase is in compliance with all laws and regulations. Additionally, they should make sure that the land is properly registered and that all necessary documentation is in order.

  • I am a.PR of AUSTRALIA. I have Immovable property in India. I wish to make a gift deed to my Children who are australian citizens.

    • Hi Govindasamy,

      It is possible for you as an Australian PR to make a gift deed of your immovable property in India to your children, who are also Australian citizens. However, it is important to note that Indian laws regarding gift deeds may vary from state to state, and you should seek legal advice from an Indian lawyer familiar with the laws in the state where the property is located. Additionally, you should also seek advice from a tax professional to ensure that the gift is in compliance with both Indian and Australian tax laws.

    • Hi Deepa,

      A gift deed is a legal document that transfers ownership of property from one person to another as a gift. The document should be in writing and should be executed in accordance with the laws of the jurisdiction in which the property is located. In India, a gift deed should be executed on a non-judicial stamp paper of the appropriate value and should be registered with the local authorities. It is not recommended to execute a gift deed on plain paper as it may not be legally valid.

  • My Parents are Indian Citizen resident of India and Senior Citizen would likeTo give their son who is NRI in termsOf bank transfer from their acocjnt to son NRO account is there a limit

    • Hi Prasanna,
      The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.

  • Is there any form for getting the share of the NRI who has a share in the immovable property in India to her/his own brother who is resident Indian?

  • How much money can I as Indian resident can gift to my two children that is not taxable in a financial year? Can I send both of them in one financial year?

  • If a nri (oci) wants to transfer or gift his share of coownership of property on his sons name, who is already a cowner of indian nationality then what are the formalities

  • I am an Indian citizen. My son is an NRI. I have sold a property in India and want to transfer funds to him. What is the procedure and taxes involved

  • My son is on H1B visa in us . Can I deposit money in his Indian account or by mutual funds in his name . What would be tax implication in India and USA

  • I am a resident indian.one of my friend who is an NRI and settled in usa wants to bequeath some us immovable property in my favour through his will.pl inform if the value of property when received in India by me will be liable for income tax or not

  • While in India I had a adhar card and now my status is NRI. My parents have now shifted their residence and have also got tha address changed in the adhar. Could I also get my permanent address changed

    • Hi Ravindra,

      There is no such Limit. As you both share the Blood Relationship with each other, the full amount is Tax exempted

    • Hello Rahul
      Thank you for msg
      if the total amount of gift received during the year by an Individual or HUF exceeds (Rs. 50, 000) it will be charged under the Income Tax Act.

  • I am a NRI and wish to gift cash to my sister (blood relationship) is there a cap on sending amount and whether it’s taxable?

    • Hello, Rohit
      Thank you for msg.
      Any amount received as a gift from blood relatives is not taxable in India & Any amount up to $5.6 million given as gift is not taxable for the giver in the US.

  • A foreign citizen wants to give his property in a foreign land by way of will to an Indian citizen. What laws in India would be applicable?

    • Hello Suyash
      thank you msg
      Any amount received as a gift (money) from blood relatives is not taxable in India.
      & The minimum number of AUD to execute a transaction is AUD 250. The maximum amount that can be sent in one transaction Is AUD 10,000.

  • Seema whether a gift (amt of 50 lk) out of sale proceeds of house given by resident mother in india to non resident son , is taxable in india

  • My husband just died . I did not know he has some lands in India. Now his Nephew would like to sell the land and asking me to sign the paper. So he can sell the land. What Is the law. Is it legal to sign as I live in UK and I am British pP holder I do not have Adher card or Pan card

  • My mother has gifted rupees 4.5 lakhs as gift to my son who is working in hongkong . The money was given through cheque and has been credited to his nro account. My son has submitted all documents required 15 ca etc through chartered accountant. But still bank is asking for gift deed. Should the gift deed be done? What is the procedure?

  • my wifes father wants to send cash transfer to her as a gift, we are uk residents, are there any tax implications for her or him

  • Tax implications for sending money from my nre account to father’s resident savings account in order to purchase property in my name

  • Ian an Indian Residing in Dubai For The last2 Years with my son ,Ian 70 years Old I have a property in Mumbai I want to gift it to my son for all have doing for me

  • If my son who is NRI gifts money from his overseas account to his mother’s overseas account who is a resident Indian does this needs to be reported to IT department and RBI under FEMA. What documents will be required if so.?

  • My PIO daughter has a flat in Ghaziabad. Can she gift it to her mother (an Indian). If so what will be stamp duty in U P. If mother sells flat later on, what would be considered its cost for LTCG?

    • Hi Jay,
      When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.

    • HI Jay

      if the aggregate value of gifts received during the year exceeds Rs. 50,000, then the total value of all such gifts received during the year will be charged to tax (i.e. the total amount of gift and not the amount in excess of Rs. 50,000).

  • If my usa NRI send 3 crore money to me to India for purchase property house to nri frnd .than in india pay tax by reciver in india

    • Hi Mahesh

      If the mother makes a registered will and she does not change it then NRI gets the property. Nri can purchase but in the future on the demise of the mother legal heirs can claim an equal share, as per Shariah law your mother cannot execute an entire property through will so better execute a relinquishment deed.

  • My own brother lives in Saudi Arabia and works ther on contractual basis. He wants to gift me Rs 2000000 as gift for helping me purchase a home in India. Does it have any complications of FRCA.

  • I want to gift 3 lakhs INR to my elder brother in the form of an FD since am an NRI am not able to transfer funds from my account to directly open an Domestic Term Deposit (FD). What other ways are there to fulfill my requirement, pls advice

    • Hi Neha,
      Gift and remittances received by Indian abroad- Not included in national income because they are transfer incomes and payments

  • my son residing in USA would like to gift me from USA amounting to Rs 10 lakhs, what is implication in FEMA

    • Hi Balasubramanian,
      A resident individual can gift his NRI relatives in Indian rupees as well as foreign currency under Liberalized Remittance Scheme (LRS) within the limit of USD 250,000 per resident relative per financial year. Gift received in Indian rupee can be deposited only in NRO Account.

  • My nri son having a flat want to gift me. What is procedure for gift transfer deed and tax liability thereto???

  • Are there tax implications if my brother transfer £500k from his account in bank of India to my bank account in the uk as a gift?

  • Kindly advice max amount as loan that can be received in my NRE account in India from a friend in Dubai using western union mode of transfer ?

  • How much amount to be paid as tax, for convertion of money and transfer of that money to bank account if any Indian received gift from NRI. And how much amount to be paid for gold gift from NRI from

  • Can mother living in India gift son living overseas Money.If yes what is the maximum limit.Is there any tax implications

  • Son sent money to mother’s account in India From USA, she bought property with that money and gave gift to others , now son asked to give back that property and mother also want to give back but donee refused to give back that gifted property, is it possible to take back that property by son legally

  • We both are Australian citizen, don’t file tax in India as we have no income coming from there.We have two plots (one in Jaipur and another one in Gurugram). The aim is to sell these both plots and bring the money to AustraliaJaipur Plot:- Puchased in 2007- Size : 300 sq yards- Purchase price INR 5500 per sq yard- selling price INR 13000 per sq yardGugugram Plot: – Purchase in 2010- Size : 200 sq yards- Purhcase price INR 8000 per sq yard- Selling price INR 40000 per sq yardI am thinking about following options1. Option OneWe sell both plots by power of attorney and pay flat tax of 25% on the capital gain. No indexation , just flat tax rate on the difference between selling amount – purchase amount.2. Option TwoGift both plots to my mother who has no other income in India and wo sell the plot, taking advantage of Indexation and paying comparatively less tax. Plus this will save us hassle of filling income tax return in India and getting money out of country will be easier. Or is there any third option ? I am looking for tax advise, do you know who can help ?

    • Hi Hitesh,
      There are no restrictions on the rights of a Karta to gift assets of the HUF to anyone under the tax laws. However, if the gift is made to a family member, the income tax department may treat this as partial partition of the HUF and disregard this for income tax purposes.

    • Hi Hitesh,
      There are no restrictions on the rights of a Karta to gift assets of the HUF to anyone under the tax laws.

  • My daughter is nriMy question is:- can I purchase flat making her co/owner- how much money she may gift me without gift tax as per usa lawThanks-

    • Hi Binda,
      Any gift received from a blood ‘relative’ is exempt from Tax (‘relative’ in this case is defined as spouse, daughter, brother or sister, spouse’s brother or sister, parents and lineal ascendants of individual or his spouse, siblings of parents of individual or his spouse)

    • Hi Shrikant
      Consequently, any sum of money gifted to nephew shall not be chargeable to tax in the hands of the nephew. However, reverse shall be taxable since nephew is not a relative of his uncle in terms of the definition contained in Section 56 of the Act.

  • i have just sold a property in India. I want to share the sale money with my two brothers one lives in Canada and the other in India. I have paid the capital gains tax on the money recieved. I want to now transfer 30 lak to my brother in Canada and 30 lak to my brother in India…how can i do this…

    • Hi Sanjeev,

      You can transfer this amount to their NRO account and then they can transfer this amount from NRO to NRE account & then they can repatriate this amount to their overseas bank account.

  • My father an Indian resident wishes to give me a gift exceeding rs. 50,000. I hv an bro and an Nri account in India. What r my best options to minimize tax

  • I am a US Citizen. A person not related to me (who is a Indian Citizen living wants to “gift” me some money. How much can he gift to me without any tax implications in India either for me or for him?

    • Hi Shwetha,

      If your are receiving this amount from above mention relative then you don’t need to pay the tax on it.

  • My friend from london wants to help me he want to give me 25lakhs to start my business Is it legal Is it taxable

  • I wish to purchase a residential house in kolkata. the vendor is an NRI now. He wishes to execure a GPA in favour of his mother making a declaration of gift of the house in her favour & to transfer the house , on his behalf, to anyone to whom she wishes..?Is it ok ?

  • gift recieve from relative in foreign currency (one-half is received in india) and remaining is used for education of son in germany. taxability for ordinary resident

  • Hello, I am planning to sell real estate in India and bring the money to the USA. The amount is about Rs. 2,50,000,000. Need suggestions on this.

  • I want to send Rs. 18,00,000 to my own elder brother in Canada, who is a permanent resident of Canada. Is there any income tax hurdle to do that

  • I like to send 2000$ To india(for my mothers bank account to purchase gold bangles as gift to her How much tax do I need to pay And what is the process

  • I am NRI since 1995 i am working in south Africa last 5 years my company having some financial issues to send the my salary my NRI accountthey advised me to provide my wife account to transfer my salary every months.

  • If my sibling (Indian Citizen) has a property(residential vacant block) in India, possibly worth 3 Crores and wants to gift to me (I am a citizen of another country and also an OCI), would it be better to gift the land or sell the Land and than gift the proceeds ? Question is which is better in terms of Indian Tax liability for me and my sibling. Can the proceeds of this be transferred to an account in an overseas bank ? Appreciate your advise.

    • Hi Ram,

      It would be better if he sell the property and then amount transfer to your account. You can transfer this amount from your NRE account to overseas bank account.

  • Hi , my dad want to gift me some money from India . Can you please update me do I have to pay tax in UK on this amount ? It will be aprox. £40k

    • Hi Jag,
      Yes, you can bring the proceedings to the US. It is recommended that you get the payment of the property through proper banking channels. Documenting proof is required for transferring money on sale of property. The first step is to get a certificate from a Chartered Accountant (CA) in India. Once you have the CA certificate along with ‘Form 15CB’, the next step involves taking the signed undertaking along with the CA certificate on Form 15CB, to the bank where you have your NRO account. Your bank will transfer your money abroad. There is a limit of USD1,25,000 per year that includes sale proceeds of up to two immovable properties held by NRIs

  • My mother has 3 children. Out of 3 children my mother wants to gift India’s house to my sister. We don’t have any objection for that

  • Is any gift tax involved in gift being given in property to her son from an NRI to her son an Indian Citizen and property is in India

    • Hi Tirath,
      When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.

  • As a PR holder in USA can I receive money (as a gift) from my father-in-law in India? If so, what’s the annual limit without any tax implications in USA?

    • Hi Abhishek,
      When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.

    • Hi Minish,
      When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.

    • Hi Rajesh,
      Yes, You can first withdraw that amount from your account and then transfer it to your daughter’s account.

    • Hi Vishan,
      When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.

    • Hi Sangeeta,
      Tax on Gifts depends on the relationship you share with them.
      If the giver is relative then, No Tax will be levied.
      But, If he is not your relative and gives the gifts then the Tax will be levied . The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.

  • I am an Indian resident. I want to gift my daughter in law in USD who is green card holder in USA how much I can gift without facing any implication

  • Sir if a foreigner friend send a luxury items and money through courier and Indian friend deny to accept then is there any consequences

  • My son is holding other country passport and if he gets gift of cash money from a local a/c of deceased father can he take it in Nee or nro a/c

  • I will be recieiving gift money from my father of approximatel 50 lakhs for sale of business which i need to transfer overseas since its a gift i am not willing to pay any taxes. What is the best way to transfer the funds over and what documents will be needed?

    • Hi Karmjeet,
      the Money needs to be transferred in your NRO a/c and then from NRO to NRE A/c and then from NRE to your Foreign Bank Account.

    • The Documents required for the same are as follows:

      1. Indian Passport/ Voters ID/ Aadhar Card or any other Govt. Issued Photo ID Card of the sender
      2. PAN Card Copy of the sender
      3. Beneficiary Passport Copy
      4. Latest Bank Statement (if required, depends on the processing bank)

    • Hi Ganesh,
      It depends on the relationship you share with them. If you share a blood relationship with them then no Tax will be levied. But, When an NRI gives gifts in the form of cash, cheque, items, or property that exceeds the value of Rs. 50,000 to a Resident Indian who is a non-relative, the NRI gift taxes India is payable by the receiver. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.

  • can an indian wife receive money from nri u k based husband 30 lakh inr for buying agri land in india with paying gift tax .

  • I am buying a property in India as a NRI what is the best way , shall I buy just use my arhat and pan card to show am still a resident or buying in dads name and gift to NRI , as it’s agricultural land which we came to know later. For the future selling and transaction, which is the best.

  • My daughters 2 of them had PPF account extended before becoming NRIs , their PPF matures in 2023 . Can they gift the proceeds to mother or father without having to pay any tax by daughters and parents ,as PPF proceeds are EEE tax exempted .

  • I am a non-resident Indian living in the UK and I wish to make provision through my will to leave a resident Indian a sum of money. We are not relatives, just friends. My belief is that this is free of taxes for both me and the receipient as this is left through my will. Please can you confirm this, and also confirm if there is a limit to the amount in Rs or USD equivalent

  • My boyfriend sended me gift which is on the way to India it’s costing is 4000 pounds .. how much tax i have to pay in India

  • If my friend send me gift from abroad my friend told he already paid for courier fees.then after my gift reached india i need to paid for tax again or what

  • Hello Hemant, I looked over your gift deed format and article, and was wondering if it needs to be on a stamp paper or plain paper is fine. If stamp paper is needed is there any denomination that is recommended?

  • I looked over your gift deed format and article, very helpful. The detail that is left out is if it needs to be on a stamp paper or plain paper is fine? If stamp paper is needed is there any denomination that is recommended?

      • Thank you!

        So I assume for the financial assets the deed need not be registered with the Registrar while for real property they need to be registered at Registrar’s office. Am I right?

  • I am an NRI in Canada and my parents want to gift me around 35000 CAD in a financial year. What are the tax implications for them in India and for me in Canada.My parents are retired.

  • What is the maxmium amount an NRI in gulf country can send to his wife’s savings account in India ? Is there any limit after it is taxable ?

    • Hi MD Taslim,
      There is no tax implication for you or for your wife for transferring money from one account to another.

  • I wish to gift a property to my siblings in India. I am an NRI. Can I get the property registered to my siblings without having to travel to India?

  • I am an NRI since last 12 years. I have property in india. Can I gift it to my husband who is a resident Indian Pl?

  • i have plan to buy a property (around 50 lakhs but its documents value is below 50 lakh)from a resident..how can i give money to him my nre account…i mean through cheque or account transfer which is safe for me.

  • do nri person have to pay tax on money received in nro a/c.what is the tax implication on rarnings in nro account for nri in us

    • Hi Saroj,
      NRIs are liable to pay taxes on income earned in India.
      The earning received through your NRO account is taxable at 30 % plus applicable surcharge and cess

  • My real brother lives outside india, and us NRI. If he send money from abroad in my indian account no. Is it tax free, and also how much can i receive from my brother as tax free gift

  • Son nri and mother resident indian own jointly an apartment in Chennai. Can the son gift his share to his mother?

  • I am an NRI. My wife is in India. Now If I give him 20 lakh rupees in a year and she invest in FD. Now the income of this FD will be taxable to me or my wife?

    • Hi Prashantkumar,
      when you give Rs 20 lakh to your wife and she puts the money into fixed deposit and then interest will be added to your income for taxation, and you would pay taxes on that based on your tax slab. However if she reinvests this amount and earn interest, then the income on reinvestment will be considered as her own income.

  • I have to receive gift which is from England. So the person send me 10000 England currency as a token of gift. So how much amount I should pay to the company

  • As I NRI can I transfer excess of $30k fund to my father for purchasing house in India? Should I transfer through NRE account to avoid gift tax in India?

  • I am a NRI and want to gift my parents through bank transfer. How can I prepare a gift deed? do I need to get it signed by any authority?

  • Can a NRI based in Singapore gift shares to a non- Indian, non- relative based in the USA? What are the limits and tax implications

  • If an ILR of UK puts major share of his property in his brother name who is a Indian citizen then is his brother liable to pay tax in India or UK

  • I want to know If from INdia my relative send me money as gift whether they IN form to USA that this relative has sent money

    • Hi Shantakumar
      There is no ceiling on the money an NRI can send to relatives in India. This money, however, needs to be earned through legit means. You also have to pay the required taxes on this money in the country it was earned.

  • My Parents want to send me downpayment for a new house (first time home buyer) from India to Canada as a gift .What taxes/ penalties will we face ?

  • My question is that I am a NRI in Australia and my friend in India want to give a gift of 20000 aud or around 11 lakhs rs to meWhat are the tax liability on me as a NRI from India and what are from Australian tax office.And any tax implications will my friend will face