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?
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Gift from foreign citizen to Indian citizen
Replies (5)
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.
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