Gift Recieved from NRI



Gift From NRI recieved by an individual is taxable or not ? The amount is 30 Lakhs in single trench.

 
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LEARNER

Hi,


Taxability of gift depends on the relationship between the recipient and the donor.  Gift from relatives is exempt from tax.

 
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An NRI can gift to his/her parents in India from their NRE account without their parents suffering any tax.

 
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