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

Tax queries 353 views 2 replies

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

Replies (2)
Exceptions of sec 56(x) (2) has to be resolved.
Gift deed can be written and get it registered in registrar's office


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