HI,
If my brother is transferring money to me: eg INR 60,00,000/- (as gift) in parts , say 5-6 transactions
a) is their any restriction or issue with that?
b) i believe its not taxable, as its my real brother?
c) do we/he need to submit any document?
d) trust their will be no tax deducted at source for it
Please advice urgently
Best Regards
Saurav
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