GIFT TO NRI SON

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42 Points Posted on 22 July 2022

My son in us, is NRI,. how much amount i can give gift in Indian rupees to him on his visit to India.// any gift tax ? limit ? i am sr citizen paying it...pl guide ?

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On 22 July 2022 at 13:36 Report
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Quick Summary
A senior citizen is asking about the limits and tax implications of gifting money in Indian Rupees to their Non-Resident Indian (NRI) son who is visiting India. The discussion clarifies that gifts to relatives are tax-exempt. There are no restrictions on the amount that can be gifted from a father to a son, and cash gifts are permissible.

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CA
682 Points Posted on 22 July 2022

No tax on gift to relatives. it is exempted.

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On 22 July 2022 at 14:43
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42 Points Posted on 22 July 2022

🙏 but is it ANY AMOUNT ? Can I withdraw and give cash ?

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On 22 July 2022 at 19:24
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CA
682 Points Posted on 22 July 2022
No restrictions on amount of gift from father to son
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On 22 July 2022 at 20:18

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