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 Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
