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Transfer of money

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2013 Hi. I want to send money from Dubai to India. I want to give money to my sister who is married. My question is what are its tax consequences to both of us if I give that money as gift/hand loan.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
06 August 2013 it is gift because she is your sister. you can give her gift, there is no liability in income tax

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