No limit but should be through banking channels. The amount gifted should tax-paid capital of the donor.
Gift of any amount to/from 'relatives' is tax exempt u/s. 56(2)(x) of IT act.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
