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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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
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