Gift query
This query is : Resolved
02 May 2017
IF ANY PERSON TRANSFER OWN FUNDS 20000 USD AS GIFT TO OWN BROTHER / SISTER NRI INDIAN ORIGIN DOCUMENTS REQUIRED WHILE TRANSFERRING MONEY AND TAX IMPLICATION
Read more at: https://www.caclubindia.com/experts/franchise-amt-paid-to-nri-indian-origin-2470684.asp
Read more at: https://www.caclubindia.com/experts/franchise-amt-paid-to-nri-indian-origin-2470684.asp
06 May 2017
There will be no tax implication for recipients being relatives but provisions of FEMA may have to be checked regarding other compliances.
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