My son in us, is NRI,. how much amount i can give gift in Indian rupees to him on his visit to India.// any gift tax ? limit ? i am sr citizen paying it...pl guide ?
3 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 22 July 2022
No tax on gift to relatives. it is exempted.
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 22 July 2022
No restrictions on amount of gift from father to son
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