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Gift query

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(Querist)
02 May 2017 IF ANY PERSON TRANSFER OWN FUNDS 20000 USD AS GIFT TO OWN BROTHER / SISTER NRI INDIAN ORIGIN DOCUMENTS REQUIRED WHILE TRANSFERRING MONEY AND TAX IMPLICATION

Read more at: https://www.caclubindia.com/experts/franchise-amt-paid-to-nri-indian-origin-2470684.asp
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
06 May 2017 There will be no tax implication for recipients being relatives but provisions of FEMA may have to be checked regarding other compliances.
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