NRI GIFTS SHARES TO DAOGHTER IN LAW
This query is : Resolved
10 January 2020
Sir/Madam
I, am NRI having Overseas Citizen Card (OCC) and holding shares in Demat account intend to gift these to my Daughter in law ,who is NRO, holding Indian Citizenship and passport. The market value of these share are more than Rs two lacs. Do I have to pay any gift tax ? ,
Regards,
Chhabilbhai Thakkar
Sir/Madam
I, am NRI having Overseas Citizen Card (OCC) and holding shares in Demat account intend to gift these to my Daughter in law ,who is NRO, holding Indian Citizenship and passport. The market value of these share are more than Rs two lacs. Do I have to pay any gift tax ? ,
Regards,
Chhabilbhai Thakkar
10 January 2020
No tax payable being gifts to relative.
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14 January 2020
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