Can a foreign citizen ( not NRI or PIO or OCI) send cash gift to an Indian citizen? If yes then what are the legal and tax implications?
Amit Upadhyay (1 Points)
10 August 2024Can a foreign citizen ( not NRI or PIO or OCI) send cash gift to an Indian citizen? If yes then what are the legal and tax implications?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170626 Points)
Replied 10 August 2024
Should be through bank transfer. Autheticate it with a Gift Deed.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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