GIFT from relative from abroad

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jayesh khokhariya (Querist)
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21 February 2024 How much gift a brother can receive in india from his brother reside abroad via bank transfer in Yearly basis.

Dhirajlal Rambhia (Expert)
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11 May 2024 Depends upon the tax rules applicable in the country of your brother. You can receive any amount as per IT act, 1961, no restriction.

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