Gift from foreign citizen to Indian citizen

Others 459 views 6 replies

Can a foreign citizen ( not NRI or PIO or OCI) send cash gift to an Indian citizen? If yes then what are the legal and tax implications? 

Replies (6)

Should be through bank transfer. Autheticate it with a Gift Deed.

Thanks. That means no other registration and only pay appliable tax? 

Gift deed for any query in future, is mandatory,

Thanks sir. Ill connect further if needed. 

You are welcome.       

Receiving a monetary gift from a foreign citizen requires an Indian citizen to ensure every digit of the transaction is accurately documented for FEMA compliance, much like verifying a sequence in a morse code numbers guide.


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