banner_ad

Cash Gift above Rs 50,000 to Relative

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 November 2019 What is the procedure for providing a cash gift to Brother and Sister above 50,000. I am referring to documentation involved that will be acceptable to tax authorities
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
30 November 2019 Cash gift to relative should not be 2 lacs.and more. Have confirmation letter that's enough.
Profile Image

R K Mani

Profile Image

R K Mani (Querist)
30 November 2019 thank you Sir. are there any limits if it is a bank transfer from NRE account?
Profile Image

Puja Sharma

Profile Image

Puja Sharma (Expert)
30 November 2019 For future reference, if the gift amount is more than Rs. 50,000/-, its better to execute a gift deed. The same should be on stamp paper and notarized.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
30 November 2019 No limit for NRE transfer. Stamp paper required only for gift of immovable property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details