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Fema & Income tax act as regards transfer of money to relatives

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10 February 2023 A NRI who got gift from his mother (who is a green holder in USA) . He wants to transfer either as a gift or loan to his father in law & Mother in law . Both Father in law and mother in law are citizen of india. Is it permissible and if it is permissible how much transferable as gift or how much transferable as a loan under income tax act and fema act. What procedure to be followed
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 February 2023 It's permissible and no limit being relative.
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