Gift to nri relatives residing in usa
This query is : Resolved
P.Madhivadhanan
(Querist)
23 October 2026
A father and mother in india wants to gift each 500000 INR to their daughter who is an NRI and settled in USA. Each has fill seperate form 145 ( old form 15CA) to repatriate money to their daughter is enough to repatriate?
23 October 2026
The gift from parents to their NRI daughter is tax-free under Section 56(2)(x). To repatriate the funds, the parents must file Form 15CA (typically Part D if no tax is deductible/chargeable), accompanied by a Gift Deed and source-of-fund proofs, as required by their authorized dealer (bank), though a CA certificate (Form 15CB) is generally not required for tax-exempt gifts.
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