Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

GIFT TO NRI SON FROM USA BANK ACCOUNT

This query is : Resolved

Share Report Follow Query Ask a Query

rajesh behl

rajesh behl (Querist)
Follow

05 June 2024 I am a resident Indian having business income in India. I have a Saving bank account in USA, having a balance of approx. USD 45000. This is information is properly disclosed in my ITR.

My son resides in UAE as an NRI.

My question is whether I can send him gift directly to his Dubai account from US bank ? Do I need to file form 15 CA , 15CB ??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

05 June 2024 Yes,
Not mandatory, unless demanded by any Indian Bank.

Message likes : 1 times

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
Follow

05 June 2024 15CA CB is only required when funds are remitted from India to Foreign Country which is chargeable to tax , in this it wont be applicable

Message likes : 1 times

rajesh behl

rajesh behl (Querist)
Follow

05 June 2024 Thank you so much... sir.!!

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

05 June 2024 You are welcome.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Richa Bajoria

Richa Bajoria

Pro Member Pritanu Chakraborty

Pritanu Chakraborty

Pro Member Prashant Kotecha

Prashant Kotecha

Pro Member MEHUL M. KEVAT

MEHUL M. KEVAT

Pro Member Shraddha Pangam

Shraddha Pangam

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

14 May 2026

Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details

14 May 2026

Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

16 May 2026

Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details

ARTICLESHIP 27 May 2026

CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details

22 May 2026

Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details

29 May 2026

Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details

ARTICLESHIP 23 May 2026

Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details