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?
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 10 August 2024
Should be through bank transfer. Autheticate it with a Gift Deed.
Amit Upadhyay
(5 Points)
Replied 10 August 2024
Thanks. That means no other registration and only pay appliable tax?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 10 August 2024
Gift deed for any query in future, is mandatory,
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