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
Menu
Monetary Gift from NRI sister to RI sister - documents for IT & Legal compliance
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
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
