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GIFT from relative from abroad

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

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Dhirajlal Rambhia (Expert)
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, provided transferred through any banking channel.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 September 2024 Good Luck.
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