GIFT from relative from abroad
This query is : Resolved
21 February 2024
How much gift a brother can receive in india from his brother reside abroad via bank transfer in Yearly basis.
11 May 2024
Depends upon the tax rules applicable in the country of your brother. You can receive any amount as per IT act, 1961, no restriction, provided transferred through any banking channel.
09 September 2024
Good Luck.
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