GIFT FROM FOREIGN NATIONAL
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2010
Can an Indian national can accept gift from foreign national? what are the legal requirements to be complied with. whether prior permission is required
04 November 2010
You have to pay custom duty, in case it is in kind. It will also be taxable under income tax.
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