Gift
This query is : Resolved
jitendra botadra
(Querist)
08 August 2014
what
limit of gift to send money from India to london to son as gift
Sandeep Dharar
(Expert)
08 August 2014
Gifts from relatives r fully exempted from tax. So there is no limit.
Nikhil Kaushik
(Expert)
08 August 2014
however, it would still be subject to maximum of USD 1.25 lakhs (the limit set by RBI under LRS FEMA)
Rupesh Jain
(Expert)
08 August 2014
psl check the limit govern by RBI.
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