Gift to Daughter resident Non Resident by his father

Sir,
My client is willing to give gift to her daughter resident NR.
What will to tax implication in Indian ?
What is the limit of remittance of Gift in US $ ?
Kindly guide for above.
Thank you
Replies (2)
Quick Summary
This discussion addresses the tax implications of a father gifting assets to his daughter who is a non-resident in India. While the gift itself is generally not taxable under Indian income tax laws, the key concern revolves around FEMA (Foreign Exchange Management Act) compliance. The advice highlights the need to be mindful of FEMA regulations when transferring funds or assets across borders.

Not be taxable
U need to bit worry about fema COMPIANCE. in income tax not taxable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details