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Gift by Indian To NRI Relative

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Gift by an Indian to his/her relative settled abroad Taxable or Not ? And up to which amount it is Tax free ??
Replies (6)
W.r.t to gifts received by non-residents by way of remittance from India were not chargeable to tax in India since the gift transaction was complete only when the money was received by the non-resident in a foreign bank account outside India. So the income in the form of gift of money remitted from India was neither received in India by the non-resident nor accrued in India nor was it deemed to have been received or accrued in India. It was therefore not chargeable to tax in India in the hands of the non-resident.
I think it is not taxable.
Give more details about mode and place of payment
Deposit Like family remittance

I have a related question.I am a resident of India and my daughter is an NRI being a citizen of USA.I want to sell a property in India which is in my name and pay the capital gain tax thereafter and then through a gift deed deposit the amount in NRO bank account of my daughter.Can she remit the money to her USA bank account without TCS under USD 1 Million limit of USA.Logically ,since the donor has paid all the taxes payable in India and can submit the proof of the same to the Bank,TCS should be attracted.For views please

some typo errors in my query which is reproduced below with corrections .Please ignore my earlier query

I have a related question.I am a resident of India and my daughter is an NRI being a citizen of USA.I want to sell a property in India which is in my name and pay the capital gain tax thereafter and then through a gift deed deposit the amount in NRO bank account of my daughter.Can she remit the money to her USA bank account without TCS under LRS limit of USD 1 Million per annum.Logically ,since the donor has paid all the taxes payable in India and can submit the proof of the same to the Bank,TCS should not be attracted.For views please


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