Gift of Rs. 50 lacs to brother (NRI)
This query is : Resolved
24 February 2020
Hi Experts,
Pl. advise if there will be any tax implication in case gift of Rs. 50 lacs is given to brother (who is NRI).
Thanking you in anticipation.
Ramesh
Pl. advise if there will be any tax implication in case gift of Rs. 50 lacs is given to brother (who is NRI).
Thanking you in anticipation.
Ramesh
25 February 2020
If real brother, no tax implication. If cousin, then taxable in the hands of recepient.
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