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Gift of Rs. 50 lacs to brother (NRI)

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(Querist)
24 February 2020 Hi Experts,
Pl. advise if there will be any tax implication in case gift of Rs. 50 lacs is given to brother (who is NRI).
Thanking you in anticipation.
Ramesh
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swasti

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swasti (Expert)
25 February 2020 If real brother, no tax implication. If cousin, then taxable in the hands of recepient.

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