Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2011
My uncle desires to gift me $ 20,000. He is a
NRI. Does the gift attract Gift Tax ? If so what would be the rate of Gift tax and if you can get me the format of the Gift Deed.
Many thanks in advance .
Regards
NRI. Does the gift attract Gift Tax ? If so what would be the rate of Gift tax and if you can get me the format of the Gift Deed.
Many thanks in advance .
Regards
CA. Anuj Gupta
(Expert)
19 July 2011
Go ahead , if you uncle is relative in terms of sec. 56 then no taxation issues in India . Also no FEMA issues are there.
For gift deed just google and you will get it.
Anuj
+91-9810106211
femaquery@gmail.com
For gift deed just google and you will get it.
Anuj
+91-9810106211
femaquery@gmail.com
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