I Resident Indian, sr citizen wanted to gift to my daughter and wife of my late son, @ 10,000$ each. Have I to pay tax in india? Any permission, whether receiver has to pay income tax in US? Pl guide...🙏😌
Menu
Tax on gift to daughter, and sons wife by RI to NRI of 10000$
Replies (2)
Kindly consult a CA as form 15CA/CB might need to be furnished before remitting the amount to USA...The CA will accordingly decide the TDS applicable.
When a resident Indian gifts to an NRI relative, it is exempt from tax.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
