Send gift to aboard

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2018 Sir,
If a taxable person send the gifts more than Rs. 50,000 to his relative from aboard, So how can we treated this in income tax.

K Srinivas, CMA CS (Expert)
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27 August 2018 Gifts from relatives is exempt. So the foreign relative will not be assessed to tax

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