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Monetary Gift from NRI sister to RI sister - documents for IT & Legal compliance

Tax queries 364 views 2 replies
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4 Points Posted on 07 September 2023

My NRI sister wants to gift me (Resident indian) INR 1,00,000/-. Kindly advise what documents will have to be prepared for Legal & Income Tax compliance.

Appreciate your response.

Thanks 

Shveta Kapoor

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On 07 September 2023 at 13:34 Report
Replies (2)
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Profession Business
28207 Points Posted on 07 September 2023
Exceptions of sec 56(x) (2) has to be resolved.
44 Reply
On 07 September 2023 at 21:02
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14 Points Posted on 07 September 2023
Gift deed can be written and get it registered in registrar's office
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On 07 September 2023 at 21:28


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