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 NRI Gift rules & exemption limits…

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

gift tax in india

Must Read – Insurance Cover In India

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 gifts as any asset received without consideration like money or money’s worth. It can include cash, movable property, immovable property, jewelry, etc.

Must Read-How NRIs can complete KYC

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 Check – Singapore CPF – What NRIs Should Know

NRI Gift Rules 

  • 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 gifts 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 tax india

Must Read – NRI Resident Savings Account

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 tax 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.

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 NRI 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. 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 & keeps 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.

gift tax in india
Published on March 29, 2018

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". 

  • My Daugher is working and living in Newyork and we parents living in Bangalore India, if my daughter sends money to us for construction of first floor exosting house is US Bank Charges my daughter for transfering money to us in India?

    • Hii Raghavendra
      As far as I know the bank might have deducted the currency exchange charges and for clarification you must contact your bank branch

  • I am a resident alien in the US and my parents are Indian citizens living in India. How much cash can they gift me in a given year such that I do not have a tax burden as a receiver of the gift

    • Hii Shyam
      As per my knowledge, the gift from the parents to son are exempt from tax but cash gifts that exceed Rs. 2,00,000 can be subject to penalty

    • Hii Mr. Ashok
      As far as I know their will be no tax liability but 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.

    • Hii Sowrirajam ji
      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.

  • My husband is NRI .he owns a plot.can we get it trasferred to my elder daughter .can this happen while he can’t come to India…

    • Hii Sabhia
      As per my knowledge you can use gift deed to transfer the property but your daughter need to come to India to register the property transfer with the registrar within the gift giver life time

    • Hii Vivek Ji
      There is no restriction for OCIs to get agricultural land, plantation property, or farmhouse as a gift from the person resident in India.

  • Hi ,my gift is purse or perfume from usa. Its cost is 11000…its paid or fedex also paid 178 dollar .all of these paid by my sister but in india bhopal.they said send 11000 ruppes for gst

    • Hii Ramesh Ji
      When an NRI gives gifts that exceeds the value of Rs. 50,000 to a Resident Indian who is a non-relative, the NRI gift tax 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.

  • I was born and brought up in India married an American citizen 35 years ago my dad gave me land shares house marriage gifts how can bring to usa

  • My one friend has arrived at Delhi international airport from London & she wants to deposit Rs 7000000 lacs in my account but she is detained there & authority is demanding tax from me Till this time they have taken 500000 lacs from me I M INDIAN Please clarify

    • Hii Mr. A.K. Chaudhry Ji
      As far as I know, gift from HUF to any member of the HUF is not exempt from taxable income. It is other way that the gift from member to the HUF is exempt from tax.
      It is better to take advice from tax consultant

  • My son is staying in London. I am a resident Indian. My son has taken citizenship there. I wish to give some money to my son for purchasing a house for him there. What are the basic rules and restrictions and taxation policies?

    • Hii Sorav Ji

      As per my knowledge, 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.
      It is suitable to take advice from a tax consultant

    • Hii Mr. Neeraj
      As per my knowledge 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.

    • Hii Pringchi
      As per my knowledge gifts sent 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 NRI is payable by the receiver
      It would be suitable to take advice from tax consuktant

  • i am a resident of france and i have my property in india, can i sell my property and give the money to my childrens who are french nationals and live in france,and do they have to pay any tax on money they receive.

  • I am a us citizen born in india but my parents want to gift me money and we dont know if we could open a NRE account and if my parents could transfer money in that NRE account?

  • NRI son wants to transfer an amount to resident parents to buy property in the name of the parents. Want to know implications of tax in india?

    • Hii Hiren
      As far as I know their would be no tax implication for you as their is no limit on the amount transferred as gift to the parents.
      Here you may consult a tax consultant for most appropriate solution.

  • I want to gift some money to a nro account I am an Indian resident what purpose should I select. Bank is asking rent ?account legitimate rupee.

  • I have an OCI status. An Indian crowdfunding company raised money for my sister who lost her husband to covid. (Friends had created the fundraiser). My sister wants me to manage the money by making me the beneficiary directly. If I have an NRO account and receive the money from the private limited company to my NRO account, how much tax would I owe in India for the receipt of the money raised. I have no other income in India. The amount is 50 lac rupees .

  • i am an NRI i wish to send my father Rs 10 lac to his account in india , will it be taxable income for him under income tax rules

    • Hii Mr. Rohit
      As per my knowledge, 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.So it may not be a taxable income.

  • I am indian. If i sell my agricultural land how much maximum money i can send to my children who are living abroad / in London without paying any tax. Please advise . Thanks

  • I have following questions.
    1) My parents wish to send money to me, amont is gather than 7 lks, how can I avoid 5% recent tax placed above 7 lks under Lebralized scheme

  • Whether income tax payable on money to be sent to son in foreign country as gift to close relative in view of amendment of 5th July 2019

  • I am an NRI (Citizen of Finland now) and if I receive a cash amount worth 100 K Euros in the form of cheque from my parents as a gift, will I have to pay gift tax in india?

  • I have following questions. My parents wish to send money to me, amont is gather than 7 lks, how can I avoid 5% recent tax placed above 7 lks under Lebralized scheme

    • Hii Dhanesh
      As per my knowledge the 200000 received as gift would be taxable as friend are not included in definition of relative as per Income Tax Act.
      It is better to take advice from CA

  • My parents passed away and the property they were renting came to us . I am a Nri would it be a gift or I have to Pay Nri tax when taking rent .

  • My late mother owned a house in India. My brother lives in that house. What is the procedure of transferring my share to my brother?

  • I am an indian and would like to send money to my son and grand son who are us citizens and living in usa. Will this gift money is taxable in india?

  • My daughter is staying in USA my brother in law want to gift a flat in Bangalore at time of registration she should come to India if she ca not come now who to register giftdeed in her name

  • My son who is a UK citizen wants to gift Rs. 5 lakh from his NRO account in India . Will I have to pay tax for it ? Thank u .

  • I want to buy a car of Rs.18.00 lacs from the amount to be remitted as a gift by my daughter who is NRI (In US). Is there any complication or tax implications?

  • An australian citizen having property in India, makes a gift deed to an indian, is the Australian has to pay taxes for gifting hisproperty inindia

  • My son who is German citizen & now having his own starts up in San Francisco. He has also applied green card which is already approved. He wants to gift equity shares which is holding to his parents in India. I want to know if it is possible, if yes HOW?

  • Want to collect money as gift from India, just want to know is that taxable? its the same money which I have sent to my mother as gift.

    • Hii Queen
      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.
      Gifts in the form of cash, cheque, items, or property within Rs. 50000 to a Resident Indian who is a not a relative, both giver and receiver are exempt from tax in India.

  • I wish to open a JOINT indian saving bank account, me the father/mother resident as first name joint with son who is oci(us resident Can we.?Who will be responsible to pay taxes on intetest etc

  • I am an Indian resident Suppose every 3 months intervel I get 3 lakhs rupees from A person he /she is an NRI It is taxable in india What is its tax treatment? I don’t have any relation with him/ her?

  • NRI Brother gifts house to his resident sister. now sister wants to sell the house. purchaser want to deduct tds @20% as the first owner is nri. Is it correct

  • I want to gift 15000 dollers to my daughter in usa. I am a pensioner ( senior citize) how much tax will be deducted by State Bank of india

    • Hi Sanjay,
      If you sell the property to your brothers and if you get any consideration against it, then it will not be considered as a gift.

  • Can NRI daughter gift property to mother , what will be tax calculations, can I buy that property if it is gifted by NRI daughter to mother

  • My father (an Indian citizen living in India), wants to give me (US citizen living in US), $1 million in gift. Can he transfer $250,000 to my bank account in the US? Since there is limit of $250,000 per year, can he deposit the remaining $750,000 in my NRO account that I can repatriate at a later date?

  • what is tax laibility for me Resident Indian to send/gift to my Permanent Resident Son In Canada? and what is the procedure to remit?
    Bhupal singh walia

  • If I received some money from abroad on the behalf of my business partner’s bank balance after his death. Is that amount will be taxable in India.

  • An NRI in Canada is likely to get a flat in India worth Rs.1-50 crores inherited from her uncle.What are the requirements as per FEMA and Income Tax Act.

  • I am an Indian living in the UK. My parents wabt to send me  £100,000 as cash gift to purchase a property here. Do I need to pay tax on that money here in UK?

  • My son moved to US for studies acouple of years ago and now is working on H1B visa.He has a joint savings account in india with me. Can he transfer money from his indian account to usa

  • Gift in foreign currency from friend received in India on June 2019 Rs.80000.This income is taxable in case of Resident and ordinarily residentResident and not ordinarily resident Non Resident

  • Person from New your send me Pavel of gift which I don’t know what is there now I am receiving calls percel with your name is contains jwellary and cash so you have to give remmitte can and tax yet not received

  • If i received gift in india and form USA and which is cost of above 90 thousand then deplomats directly deliverd to my place or i have to take from indian deplomat office.what would be delivery charges i have to pay.Kindly guide me.

  • Can a nri send money to their parents savings account from US to India.. if they can send how much can they send at max for a year

  • Does gift from Resident Indian to his NRI son in the form of money transfer to son’s NRO account, comes under USD 1 million per year category or LRS category limited to USD 2.5 lakh per year. LRS is only for outward remittance from India to US NRI account by a Resident, I suppose.

  • My daughter who is foreign national wants to send gift to me. what is maximum amount i can receive without tax liabilities

  • Can you pls advice the best option to send 40 lakhs to nri children by indian resident ? Transfer to account in india or otherwise?

  • My brother in law who is an NRI wants to transfer funds to my sisters India saving account , around INR 14 lacs. He wants to temporarily do this as he is shifting jobs so is it possible for my sister to return the money back from her Indian account?

  • my friend want to send gift to me he is from us and I’m from India so if i received the gift how much i have to pay it

  • Can an NRI dad resident of dubai, gift a flat in dubai to his indian resident daughter. And if its rented there and the proceeds are used there itself, does she need to declare such rental income here.

    • Hi Dorothy,

      As per my Knowledge, Its better to consult with a Tax Consultant in USA First, Then you can take a Help of a Financial Advisor in India.

  • My nephew is in Canada I want to gift him 9000cad because he is buying a house can I send him by bank without tax

  • If I want to send Rs 20000 as a gift to my friend in USA who is an American. What is the procedure and implications

  • I am an OCI and I want to gift my flat in India to my sibling. Anything I should be worried about in terms of tax etc?

  • How much money can my parents gift me and my wife from india? We are Indian citizens on work visa in US? What are tax implications and limit.?

      • if I’m getting every month 1000 to 2000$ from my sister(real) who is nri usa. do I need gift deed of every month

  • My cousin ( Real Uncle’s son) is a US citizen, residing in US, wants to make gift of Rs.20,00,000 to me resident, ( an indian citizen by birth).
    Please specifically advise if:
    a) This is allowable as free of tax to him & me?
    b) What is maximum limit for such tax free gift he can make me? Is this maximum limit of gift applicable for one Financial Year or life term basis?
    c) What formalities or say documentation required toi make/accept such gifts?
    List out the steps of action required.
    d) Please share the Gift deed format required by I T Authorities in India as an acceptable & complete document.
    Would be thankful if provided needed authetic information addressing above querries.
    Regards
    D K Gupta

  • My daughter and son both are NRI. That want to send air ticket .I want to know how I will show that in my itr

  • Indian parent wants to gift by way of bank transfer to son in USA for wedding expenses …… is it permissible or any tax implications for both

  • 1.We have a Construction company
    2.An investor from Australia wants to invest in our company
    3.he wants 15-year agreements
    4.He is willing to transfer 20 percent as a gift amount
    5.remaining 80 percent as loan amount for fifteen years
    6.we are not any relatives.
    7. What is the best option…
    A) should we go for full 100 % as gift amount
    B) Should we take 80% as loan and 20% as gift
    C) what will be the tax implecation on receiver ( on our company) D) the amount of investment is approximately 75 crores in indian rupees..
    looking forward for your kind guidence..

    • Hi Pavan,

      As per my knowledge, If you Received it as gift then it will be taxed as the Investor is not Considered as Relative. If you go for loan option you can claim the Tax Deduction on the Intreset paid.

  • My mom has a FDR in india. Because of covid 19 she is not able to go.Is any procedure can i cash it if she gives it to me. We are in Canada

  • What is the maximum amount of gift I can give my NRI son from my Indian resident account to my sons Indian NRO (non resident ordinary) account

    • Hi Ajit,

      As per my knowledge, You need to register the Gift deed and also need to show the Amount of Gift while filing ITR.

  • Someone sent me parcel from UK and the amount is 45000 pound .how mich tax i pay in India to receive the parcel?

  • Can grand parents resident in India transfer money to minor grand children staying abroad ? What is the monetary limit in a financial year?

  • Can NRI give money in dollars in USA and get that money back in rupees in India what are tax implications?

    • Hi Akshat,

      As per my knowledge, If the gift is received from Non-Relative then it will be added to Income from other sources.

  • Hi dear, my aunty lives in New York City USA if my aunty wants gifts to me her own property is possible if possible how is the process

  • I am OCI. I want to start organic farming in India. I know OCI can not purchase farmland however my uncle is ready to gift my five acres land for organic farming. Can I receive it

  • How much us dollars can I gift to immediate relatives with out any tax problems for them..I meant tax free for them.

  • I am staying in the USA ON H1B visa I have my capital in India and want to send it to my account in USA can I do so and m I liable for any tax?

  • i am nre in dubai. want to send 20 lacs INR to my sister saving account in India. want to know tax implication for my sister.

  • I am a European passport holder with an OCI card. My father’s brother who is Indian wants to gift me a property in India. Could you please advise if I must pay gift tax in India ? I know that i must pay gift tax to my Government anyway.

    • Hi Raman,

      As per my knowledge, If the DTAA is signed between the two governments then you can claim the tax refund from one country.

    • Hi Chetan,

      You can tranfer the Money from Your NRE account to family Resident account with the Consultation of a CA.

  • I want to check how much money can my husband who stays in USA can transfer to me (I’m in India) which is tax free for me and my husband?

  • My daughter who in NRI in US want to gift me 1 Lac dollars and I want to invest that money for purchase of a property in India. Will that money will be taxable here and also can I get that money in one go?

  • What is max limit that my daughter USA green card holder working in USA can send money as gift to her mother?

  • My son lives in the US. A flat was bought in2004 with bank loan. The registration was done both in his and mother’s name. We live in his flat here in India. After about 10 years the balance of loan was paid off from his mother’s funds, accepted by the bank. Son is contemplating to gift the flat to his mother. Now as such in the present environment is it possible to effect on-line transfer U.S to INDIA.

  • Hi Hemant. Can I check if I can send gifts such as cosmetics to my family back in India and not get taxed on it? I am an NRI and holder of Indian Passport Holder based in Singapore. I would typically use a corporate DHL account to ship. Any tips ? Thanks

  • Do we have to register or notary for this gift deed also if doner is in USA and receiver is in India can what will process to make sign on gift deed

  • I am an Indian citizen and want to give 150000 USD as a gift to my brother under LBS .Should I have to pay 5% TDS on that amount?

  • Can my daughter who is a resident of Canada gift me ( father ) money to my resident savings account in India. Any limit and any tax is there

  • My friend is in Canada and he is a Canadian citizen who bought a property in Bangalore in the year 2003. He wants to gift it to his friend in India. what are the permissions required to be obtained from RBI?

  • I m going to sell my house in India n me n my daughter r US citizen. Can I gift her that money from the sale of the house?

  • My mother is a resident Indian. What amount can she gift to my NRI sister in cash, bank transfer without Income Tax provisions?

  • I am senior citizen and my sister in USA wants to send money as gift. How much she can send so that tax is not levied.

    • Hi Vijay,
      As per my knowledge Yes you need to be physically present to register the property under your mother’s name or if you have a power of attorney then you need not come to India.

  • My father just got a friendship from a person from UK as we only have a few months of knowledge. Two days ago he asked for our address and we gave him. He said that he need to send a gift and we decline it. but yesterday he send some expensive items and about 50000 dollers in it. And to today morning there was a call they said it was from customs and told as to pay about 35000 .we cheked the no in truecaller but there was no number .so we said him that we can’t afford much money.so can we bow return this gift?

    • Hi Meghana,

      As per my knowledge, you will not be able to claim the custom duty back and, Yes you can return the gift but that will incur courier charges.

  • Friend who is staying in UK wants me to add money in Amazon wallet against that she will send money on my bank account in India while paying tax will this count?

  • Money deposited as a gift by my father in India in my s nro account is transferred to my sb NRE account and from sb NRE it is transferred to my USA account. now, how can i show to USA authority that this money is received into USA account as gift money from my father to me?

    • Hi Sharayu,

      As per my Knowledge, In India there will be no taxation on sending gifts to close relatives but the receiver’s taxation will depend on the other country.

  • i m an nri staying in usa. my father gave me a gift of rs. 5 lacs . he deposited this money into my sb nro ac. in india and this amount from sb nro accouunt is transferred to sb nre account in order to transfer the amount to my usa acount and subsequently the amount of rs. 5 lacs is transferred from my sb nre acHcouunt to my usa account. what r the precautions and documents etc., r required by me to show to usa tax authorities that this money is transfferred to my usa account towards gift bby my father to me?

  • I am a NRI living in Germany. I have following immovable properties in India. 1). a House worth 25.00.000 INR and 2). a residential plot worth 40.00.000 INR. I want to know the follwing:

    1. I want to gift these properties to my sister, resident of India. Does she or I have to pay, for this gift-transaction, TDS or any Income Tax in India?
    2. If my sister sell these immovable property in India, does she have to pay TDS od Income tax in India?
    3. Can my sister gift me 50.00.000 INR by bank transfer, in my NRO bank account in India, in future (after 2 to 12 Months), after selling these properties. Does she or I have to pay, for this transaction TDS or any Income Tax in India?

  • What do you mean if a gift exceeding 200000 is given in cash to NRI relative it will attract penalties from income tax. I transfer money through my bank will income tax department will impose a penalty if I remit more than 200000.

  • Suppose I live in the Uk and am a national. Can I receive financial help from my relative in India to make a house purchase in UK?

  • If we receive any gift from the UK to India. From relatives or nonrelatives. Like cash or worth full gift. In India we have to pay GST it’s compulsory.

  • If a Resident Indian gives gifts of 50,000 each to more than 1 NRI, both of them non-relative, will there be any gift tax implication for Resident Indian?

  • If I send 50 K to someone who has already received 50 K by someone else in India. Will 100 k be taxable to the Indian citizen?

  • My son is in the USA he is transferring money to my account in India, and I am investigating such money to buy a residential property, does it taxable?

  • If I am a citizen of the USA and an OCI of India – I have NRO accounts there. But if I want a relative to transfer money from there to my US account. How can I do that legally and what are the limits?

  • My mom who is a resident in India wants to gift me and my sister money. I am in the USA. Can she gift both of us $15000 each without us reporting for gift tax? Also is there an RBI regulation for a 7 lakh gift in India ?

  • My mom is an Indian resident and wants to gift me Rs 4 cr from the sale proceed of a residential property ( she will pay all gain tax etc ) whilst I’m a foreign national with an OCI card. Can she transfer my money directly to my overseas account and make a gift deed for the amount of $550,000 or give me the gift in India and I convert it from my NRE account and remit it to my account overseas without paying any taxes? Please advise.

  • I am an OCI seeking to gift rupees of 2,00,000 to my nephew in India. I understand as the amount is more than 50,000 Rs there would be tax implications for him. I had read somewhere that he would need to give an undertaking that he would pay whatever taxes are owed in India for that money. what letter is required for that in addition to a gift letter? Would you have a template I could use? Thanks

  • Does a foreign national who is resident in India have to bring the gift of movable to India which he receives from another foreign national?

  • My elder sister wants to gift a piece of land out of love. I am US citizen. She is an Indian citizen. will this be taxable?

  • Hi, Thank you first. I am a resident Indian. I want to send about Rs.40L to my employed son in U.S. IF I SEND IT THROUGH A BANK TRANSFER WHAT ARE THE IPMLICATIONS LIKE TCS. CAN THAT BE POSSIBLE TO CLAIM BACK WHILE SUBMITTING RETURN AND HOW MUCH BACK.

  • Want to gift permissible amount to my grandchildren in the USA through my Indian bank account . Do I need a gift deed done.

  • Indian Citizen If Get Any Residential Property Abroad as a gift (Having no rental income) so do that Indian citizen need to file any form in India stating his property received as gift abroad (having no rental income).

  • My daughter is in japan and is planning to buy a house property. Can i send money from india and if yes how much and the formalities thereof?

  • My Daughter & Son in law are PR holders of Canada & I, father resident of India ( Indian Citizen). How much I can gift them in an financial year without tax liability in India ? Is there any slab for such transaction?

  • Indian Citizen If Get Any Residential Property Abroad as a gift (Having no rental income) so do that Indian citizen need to file any form in India stating his property received as gift abroad (having no rental income)

  • Indian Citizen say Mr. M If Get Any Residential Property (House) Abroad as a gift from Mr. C (Having no rental income from that residential property and Mr. C living in that home ) so do that Indian citizen Mr. M needs to file any form or any paper work in India stating his that house property received as gift abroad (having no rental income)

  • I am a nri. My mother who is 80+ yrs old want to gift money to me. Can she prepared future gift deed as money is tied to investment.

  • my uncle daddys younger brother is an NRI who want to give me gift in cheque above rs.100000/- to his nephew who is an indian resident. whether that amount is taxable.

  • We were visiting India recently. On our 50th wedding anniversary, we received 2 gifts (each less than INR 50000) from close relatives while in India. Am I allowed to deposit cash (Two deposits- each less than INR 50000) in my NRO account? I am a person of Indian origin settled in USA for past 50 years.

  • If my son (US citizen) opens a US Trust account in which I(Resident Indian) and my grandson (US Citizen) are the beneficiaries, and if that Trust account sends any funds to me in India, will I have to pay tax in India?

  • I want to gift to a distant relative who got married. I want to give 4 lakhs to him to buy some utility items as he married recently. I’d like to know if I have to show in return for IT?