Gift

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2011 My uncle desires to gift me $ 20,000. He is a
NRI. Does the gift attract Gift Tax ? If so what would be the rate of Gift tax and if you can get me the format of the Gift Deed.
Many thanks in advance .

Regards

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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19 July 2011 Go ahead , if you uncle is relative in terms of sec. 56 then no taxation issues in India . Also no FEMA issues are there.

For gift deed just google and you will get it.

Anuj
+91-9810106211
femaquery@gmail.com

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