Gift to Grandson(USA)
This query is : Resolved
Quick Summary
27 February 2020
Dear Sir,
One of my client giving the 11 Lacs gift to his USA's Grandson.
The amount will transfer to USA account.
Gift deed has been prepared.
Any issue from Income Tax.
NK
One of my client giving the 11 Lacs gift to his USA's Grandson.
The amount will transfer to USA account.
Gift deed has been prepared.
Any issue from Income Tax.
NK
27 February 2020
No issues from income tax as it's gift to relative exempt.
Message likes :
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28 February 2020
Form 15 CA want to be submit with bank
Please suggest
Please suggest
28 February 2020
No need to submit 15CA for Remittance towards Personal Gifts.
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