We love getting gifts. Gifts might involve a lot of emotion and tradition. But we have to consider practical and mundane things like rules and taxation when it comes to gifts in terms of cash or assets.
NRIs can give and receive gifts in cash or kind (jewelry, antiques, property) to and from relatives and non-relatives in India. Check NRI Gift rules & exemption limits…
You can also get NRI Gift Deed Format from the end of this post
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NRI Gift Tax India
Let us look at the tax implications of gifting for NRIs but first check basic definitions which will help you in understanding the rules & other issues.
Definition
The Income Tax Act defines a gift as any asset received without consideration like money or money’s worth. It can include cash, movable property, immovable property, jewelry, etc.
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Relatives and Non-relatives
The treatment of tax on gift in india is different when given to relatives and when given to non-relatives. The following people are considered relatives –
| Father | Child’s Spouse |
| Mother | Grandchildren |
| Stepmother | Grandchild’s spouse |
| Spouse | Siblings |
| Children | Stepsister and Stepbrother |
| Stepchildren | Siblings’ spouse. |
| Grandparents |
All other persons are considered non-relatives.
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NRI Gift Rules
- Immovable property can be gifted to an NRI provided the remittance of sales proceeds does not exceed USD 1,000,000 per year.
- NRIs can get gifts from relatives in the form of shares and securities provided the gifts do not exceed 5% of the paid-up capital of the company; the sectoral cap is not breached and the NRI is eligible to hold the securities.
- A gifts received from a specified trust, specified fund, or as a scholarship from educational institutions is not taxable.
- If the gifts are an immovable property outside of India, it is exempt from tax.
- The value of the gifts cannot be considered as a deduction while calculating income tax.
- Income received from a gift in India is taxable in India whether the receiver and giver are Resident Indians or NRIs.
- When you receive gifts, make sure the necessary documentation is in place.
- Cash gifts that exceed Rs. 2,00,000 can be subject to penalty. Ensure that you get the relevant gift through cheques or bank account transfers.
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Gift by NRI to Resident Indian
NRI gifts to Resident Indian – Let us look at the different scenarios when an NRI gifts a Resident Indian –
- Gifts from NRI Relative are exempted from tax – When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian who is a relative, both giver and receiver are exempt from tax in India.
- When an NRI gives gifts in the form of cash, cheque, items, or property that is within the value of Rs. 50,000 to a Resident Indian who is not a relative, both giver and receiver are exempt from tax in India.
- When an NRI gives gifts in the form of cash, cheque, items, or property that exceeds the value of Rs. 50,000 to a Resident Indian who is a non-relative, the gift tax is payable by the receiver. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver.
- When an NRI gives gifts in the form of cash, cheque, items, or property to a Resident Indian for marriage or through will, both giver and receiver are exempt from tax in India irrespective of the ‘relative’ status.
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Gift to NRI by Resident Indian
Resident Indian gives a gift to an NRI – Let us look at the different scenarios when an NRI receives a gift from a Resident Indian –
- A gift to NRI Relative are exempted from tax – When a resident Indian gives a gift in the form of cash, cheque, items, or property to an NRI who is a relative, both giver and receiver are exempt from tax in India.
- When a resident Indian gives a gift in the form of cash, cheque, items, or property that is within the value of Rs. 50,000 to an NRI who is not a relative, both giver and receiver are exempt from tax in India.
- When a resident Indian gives a gift in the form of cash, cheque, items, or property that exceeds the value of Rs. 50,000 to an NRI, who is a non-relative, the gift tax NRI is payable by the receiver. The amount is added to the receiver’s income and taxed as per the income tax slab applicable to the receiver. The maximum limit for such a gift is USD 250,000 in one financial year. [This limit is defined under LRS (Liberalised Remittance Scheme) – the total amount of foreign exchange purchased from or remitted through, all sources in India.]
- When a resident Indian gives a gift in the form of cash, cheque, items, or property to an NRI for marriage or through will, both giver and receiver are exempt from tax in India irrespective of the ‘relative’ status.
- When a resident Indian gives a gift in the form of shares or securities of an Indian company, the total value cannot exceed USD 50,000 in one financial year. The gift should follow the regulations of RBI regarding NRIs holding stock in Indian companies.
When you give a gift or get a gift, make sure you understand the rules regarding gifts and the tax implications and act accordingly. wiseNRI
The information that I shared in the above post is one part of the story – issues can be complex based on your resident status. If we talk about the USA – you can gift up to $15,000 in a year. This is not that simple but just an example. So check the rules in countries where you are staying.
Must Read – NRI Resident Savings Account
NRI Gift Deed Format
It’s important to sign gift deeds & keeps them safe to avoid issues in the future. Many readers were asking for sample NRI gifts deeds that they can copy. So I have added ready to use gift deed format for immovable property & even movable property.
Please share any additional information or experience that you have about a gift to NRI or gift from NRI – that will really help all readers. If you have any questions related to NRI gift tax – feel free to add them in the comment section.
My son who is a UK citizen wants to gift Rs. 5 lakh from his NRO account in India . Will I have to pay tax for it ? Thank u .
Hi,
It is not taxable
I want to buy a car of Rs.18.00 lacs from the amount to be remitted as a gift by my daughter who is NRI (In US). Is there any complication or tax implications?
Hi Dinesh,
It will be exempt from tax.
My brother from austalia wants to gift australian dollars in cash to mg father in india .is it taxable
Hi Jayesh,
It will not be taxable.
An australian citizen having property in India, makes a gift deed to an indian, is the Australian has to pay taxes for gifting hisproperty inindia
Hi Savio,
As per my opinion, it will be exempt from tax in India.
My son who is German citizen & now having his own starts up in San Francisco. He has also applied green card which is already approved. He wants to gift equity shares which is holding to his parents in India. I want to know if it is possible, if yes HOW?
Want to collect money as gift from India, just want to know is that taxable? its the same money which I have sent to my mother as gift.
How to bring large amount from india to canada
I have been asked to pay tax for receiving tax gifts from NRI
If I receive from my father in India 75000 how much tax I have to paid
Hi Irvin,
It is exempt from tax
I wish to open a JOINT indian saving bank account, me the father/mother resident as first name joint with son who is oci(us resident Can we.?Who will be responsible to pay taxes on intetest etc
How much a senior citizen gift a grandchild abroad. Will i be taxed here
i want to order few gift items from india to usa as a return gift, i wantemukta
d to know if its permissible
I am an Indian resident Suppose every 3 months intervel I get 3 lakhs rupees from A person he /she is an NRI It is taxable in india What is its tax treatment? I don’t have any relation with him/ her?
NRI Brother gifts house to his resident sister. now sister wants to sell the house. purchaser want to deduct tds @20% as the first owner is nri. Is it correct
Hi Chaitali,
If brother gifts his house to his sister with proper documents, then no TDS will be deducted.
Can an nri daughter transfe a property to a resident parent?
Hi Sunny,
Yes, she can transfer it.
I want to gift 15000 dollers to my daughter in usa. I am a pensioner ( senior citize) how much tax will be deducted by State Bank of india
Hi Ajay,
It is not taxable.
Sending money to my son in Canada OIC is it taxable to me. Should I require to reveal in my itr
Hi Sekar,
It is not taxable but you should reveal that in ITR.
I want to sell property to my brother in India but we want to make it gift exchange. Is it legal?
Hi Sanjay,
If you sell the property to your brothers and if you get any consideration against it, then it will not be considered as a gift.
Can resident Indian transfer fund from his RFC account to his daughter who is NRI?
Hi Kazi,
No, you cannot transfer the amount from your RFC account to your daughter’s account.
Can NRI daughter gift property to mother , what will be tax calculations, can I buy that property if it is gifted by NRI daughter to mother
Hi Swapnil,
It is exempted from tax.
My father (an Indian citizen living in India), wants to give me (US citizen living in US), $1 million in gift. Can he transfer $250,000 to my bank account in the US? Since there is limit of $250,000 per year, can he deposit the remaining $750,000 in my NRO account that I can repatriate at a later date?
Hi Rick,
Amount transferred above $250,000 in an FY will be taxable.
what is tax laibility for me Resident Indian to send/gift to my Permanent Resident Son In Canada? and what is the procedure to remit?
Bhupal singh walia
Hi Bhupal,
There will be no tax liability.
Can a father send money to his son in US by way of gift
Hi Niyati,
Yes he can send money to his son by way of gift.
If I received some money from abroad on the behalf of my business partner’s bank balance after his death. Is that amount will be taxable in India.
Hi D.K,
You should consult with a CA regarding this.
An NRI in Canada is likely to get a flat in India worth Rs.1-50 crores inherited from her uncle.What are the requirements as per FEMA and Income Tax Act.
Hi Kersi,
You should consult with a CA for this.
My father works in US and he said he’ll gift me a mobile this year. Is it taxable at clearance
Hi Suguna,
It will not be taxable.
I am an Indian living in the UK. My parents wabt to send me  £100,000 as cash gift to purchase a property here. Do I need to pay tax on that money here in UK?
Hi Satviky,
You should consult with a local tax advisor there.
How frequently and upto what individual and total sum can I receive from and give to my NRI son ?
Hi Bakshi,
There is no fixed time & total sum prescribed.
My son moved to US for studies acouple of years ago and now is working on H1B visa.He has a joint savings account in india with me. Can he transfer money from his indian account to usa
Hi Renu,
He should open a NRE account to transfer the money to USA.
For transferring flats to children who are USA citizens what are the documents required
Hi James,
You should consult with a CA for this.
Gift in foreign currency from friend received in India on June 2019 Rs.80000.This income is taxable in case of Resident and ordinarily residentResident and not ordinarily resident Non Resident
I have given money in India to one relative about 30lac do i have to declare for ITR
Hi Pooja,
Yes you have to declare that.
i want to gift 10 lacs to my son living in USA is their be tax liability for both
Hi Shyam,
in India there will be no tax liability.
Person from New your send me Pavel of gift which I don’t know what is there now I am receiving calls percel with your name is contains jwellary and cash so you have to give remmitte can and tax yet not received
If i received gift in india and form USA and which is cost of above 90 thousand then deplomats directly deliverd to my place or i have to take from indian deplomat office.what would be delivery charges i have to pay.Kindly guide me.
Hi Sangita,
As per my knowledge, You need to Collect it.
As an NRI, can I send money to my Son’s Friend at india
Hi Varun,
As per my Knowledge, Yes,You can do it.
Can a nri send money to their parents savings account from US to India.. if they can send how much can they send at max for a year
Hi Laxmi,
There is no Limit in India, Its better to Consult in USA.
Does gift from Resident Indian to his NRI son in the form of money transfer to son’s NRO account, comes under USD 1 million per year category or LRS category limited to USD 2.5 lakh per year. LRS is only for outward remittance from India to US NRI account by a Resident, I suppose.
If my cousin send 50 thousand. USA doller to my nre account directly is taxable
Hi Mohammed,
As per my knowledge, Yes it will be taxable.
My daughter who is foreign national wants to send gift to me. what is maximum amount i can receive without tax liabilities
Hi Karker,
As per my Knowledge, the Amount Gifted to a Relative is not taxable in India.
What is meant by NRI?
My son send money from USA in my a/c from his salary ₹10 laks per year.is it under income tax?
Hi Ravi,
As per my knowledge, It will not be taxed.
Can resident indian gift cash of 30 lakhs to nri son ? What are tax implications
Hi Cyrrilraj,
As per my Knowledge, In India It will not be taxed.
Can you pls advice the best option to send 40 lakhs to nri children by indian resident ? Transfer to account in india or otherwise?
I want to send some money to my cousin brother in USA.. I live in India.. how do i do it
Hi Emmanuel,
As per my Knowledge, You can do the Bank Transfer to his NRE/NRO account.
can I get any small amount as gifts in my NGO account from USA
Hi Pitar,
As far as i know, You can get it but before that consider the Guidelines from RBI.
Foreigners can send gift money means Through courier is the best otherwise Bank transfer is the best
Can a person holding nri account in India transfer money to wife account in India as gift
Hi Sunny,
Yes it is possible.
My brother in law who is an NRI wants to transfer funds to my sisters India saving account , around INR 14 lacs. He wants to temporarily do this as he is shifting jobs so is it possible for my sister to return the money back from her Indian account?
my friend want to send gift to me he is from us and I’m from India so if i received the gift how much i have to pay it
Hi Pawan,
As far as I know, if the Gift amount exceeds Rs. 50000 then it will be added to your Income.
Can an NRI dad resident of dubai, gift a flat in dubai to his indian resident daughter. And if its rented there and the proceeds are used there itself, does she need to declare such rental income here.
Hi Janaki,
As per my Knowledge, Global Income Needs to be Declare in India.
My sister wants to leave America and come back to India. How to get all her assets brought
Hi Dorothy,
As per my Knowledge, Its better to consult with a Tax Consultant in USA First, Then you can take a Help of a Financial Advisor in India.
My nephew is in Canada I want to gift him 9000cad because he is buying a house can I send him by bank without tax
If I want to send Rs 20000 as a gift to my friend in USA who is an American. What is the procedure and implications
I am an OCI and I want to gift my flat in India to my sibling. Anything I should be worried about in terms of tax etc?
Hi Joe,
Its better to Consult with a Tax Consultant.
How much money can my parents gift me and my wife from india? We are Indian citizens on work visa in US? What are tax implications and limit.?
if I’m gettting money from my sister who is nri will I have to give income tax for this money
Hi Puneet,
As per my knowledge, No You don’t need to pay Tax on it. Make Sure You prepare a Gift Deed.
if I’m getting every month 1000 to 2000$ from my sister(real) who is nri usa. do I need gift deed of every month
My cousin ( Real Uncle’s son) is a US citizen, residing in US, wants to make gift of Rs.20,00,000 to me resident, ( an indian citizen by birth).
Please specifically advise if:
a) This is allowable as free of tax to him & me?
b) What is maximum limit for such tax free gift he can make me? Is this maximum limit of gift applicable for one Financial Year or life term basis?
c) What formalities or say documentation required toi make/accept such gifts?
List out the steps of action required.
d) Please share the Gift deed format required by I T Authorities in India as an acceptable & complete document.
Would be thankful if provided needed authetic information addressing above querries.
Regards
D K Gupta
Can an NRI give gift to brother in india and would he be considered as relatives
Hi Shashikant,
As per my Knowledge, Yes Siblings is Considered as Relative for Gift.
Want to send rs to india monthly will it be taxed for senior parents
Hi Parul,
As per my knowledge, It will be Consider as a Gift and will not be taxed.
What is the limit in INR an nri can gift children
My daughter and son both are NRI. That want to send air ticket .I want to know how I will show that in my itr
Hi Deepansu,
As far as i know, There is no need to Show it.
Indian parent wants to gift by way of bank transfer to son in USA for wedding expenses …… is it permissible or any tax implications for both
Hi Satish,
As per my Knowledge, There will be No tax in India.
1.We have a Construction company
2.An investor from Australia wants to invest in our company
3.he wants 15-year agreements
4.He is willing to transfer 20 percent as a gift amount
5.remaining 80 percent as loan amount for fifteen years
6.we are not any relatives.
7. What is the best option…
A) should we go for full 100 % as gift amount
B) Should we take 80% as loan and 20% as gift
C) what will be the tax implecation on receiver ( on our company) D) the amount of investment is approximately 75 crores in indian rupees..
looking forward for your kind guidence..
Hi Pavan,
As per my knowledge, If you Received it as gift then it will be taxed as the Investor is not Considered as Relative. If you go for loan option you can claim the Tax Deduction on the Intreset paid.
When i get a amt of 5000 usd is it taxable in india
Hi Pawan,
It Depends from whom (Relative or Non -Relative) you are receiving this amount.
My mom has a FDR in india. Because of covid 19 she is not able to go.Is any procedure can i cash it if she gives it to me. We are in Canada
What is the maximum amount of gift I can give my NRI son from my Indian resident account to my sons Indian NRO (non resident ordinary) account
If a face book friend want to send me money what is important for me to do if my friend is from europe
Hi Ajit,
As per my knowledge, You need to register the Gift deed and also need to show the Amount of Gift while filing ITR.
Gift in foreign currency from a relative received in India amount is 80000…..is that amount taxable?
Hi Niharika,
As per my knowledge, It is non taxable.
Gift from NRI to sister’s son in India is taxable
Hi Thakor,
As far as i know, Yes it is taxable.
My father want to send money near about RS 700000 from India to aus .what is procedure?
What will be the tax if I gift money to my daughter who lives abroad?
Hi Umarani,
i think in India it won’t be taxable.
I am an Indian likely to receive [email protected] gift of $ from a US citizen. What is the maximum amount can I receive? What will be the tax implication?
Can a sibling receive money from NRI?
Hi Vipin,
Yes, a sibling can receive the gift.
I am receiving money from my son the USA to buy a property i India is it taxable in India?
Hi Annasami,
As per my Knowledge, It will not be taxable in India.
Someone sent me parcel from UK and the amount is 45000 pound .how mich tax i pay in India to receive the parcel?
Hi Sanjay,
As per my knowledge, If the gift recieved from Non relative it will be added to Income.
Can grand parents resident in India transfer money to minor grand children staying abroad ? What is the monetary limit in a financial year?
Hi Rajappa,
As per my Knowledge, The Upper limit in a financial year is Upto 1 Million USD.
Can NRI give money in dollars in USA and get that money back in rupees in India what are tax implications?
Hi Akshat,
As per my knowledge, If the gift is received from Non-Relative then it will be added to Income from other sources.
I am a NRI and want to remit the funds to my mother from my NRE account as a gift whether it is allowed?
Hi Meenal,
AS far as I know, Yes You can do that.
If NRI give money to his wife for investment in business does wife have to pay tax on that amount?
Hi Jatin,
I think if you give it as a loan then she doesn’t need to pay any tax on it.
Hi dear, my aunty lives in New York City USA if my aunty wants gifts to me her own property is possible if possible how is the process
I received a gift from NRI more than 30 lakh is it problem for me
Hi Mamatha,
You need to show the source of the Fund While filing the ITR.
Can my Sister. A US Citizen gift me shares of a Company in Seychelles?
Hi Ramani,
As per my knowledge, Yes She can gift within the Permissible Limit.
I am OCI. I want to start organic farming in India. I know OCI can not purchase farmland however my uncle is ready to gift my five acres land for organic farming. Can I receive it
Hi Uma,
Yes, you can receive it.
How much us dollars can I gift to immediate relatives with out any tax problems for them..I meant tax free for them.
I am staying in the USA ON H1B visa I have my capital in India and want to send it to my account in USA can I do so and m I liable for any tax?
My son lives in UK and wants to send money to us. Will it be taxable?
i am nre in dubai. want to send 20 lacs INR to my sister saving account in India. want to know tax implication for my sister.
Hi Hiren,
The gift amount will be added to her income and taxed as per the slab.
I am a European passport holder with an OCI card. My father’s brother who is Indian wants to gift me a property in India. Could you please advise if I must pay gift tax in India ? I know that i must pay gift tax to my Government anyway.
Hi Raman,
As per my knowledge, If the DTAA is signed between the two governments then you can claim the tax refund from one country.
What is needed to transfer money from US to India for my family?
Hi Chetan,
You can tranfer the Money from Your NRE account to family Resident account with the Consultation of a CA.
I want to check how much money can my husband who stays in USA can transfer to me (I’m in India) which is tax free for me and my husband?
Hi Aditi,
As per my knowledge, the Gift received from the relative is Non-taxable.
how to gift property to parents in India?
My daughter who in NRI in US want to gift me 1 Lac dollars and I want to invest that money for purchase of a property in India. Will that money will be taxable here and also can I get that money in one go?
Do we have to register this gift deed somewhere?
What is max limit that my daughter USA green card holder working in USA can send money as gift to her mother?
My son lives in the US. A flat was bought in2004 with bank loan. The registration was done both in his and mother’s name. We live in his flat here in India. After about 10 years the balance of loan was paid off from his mother’s funds, accepted by the bank. Son is contemplating to gift the flat to his mother. Now as such in the present environment is it possible to effect on-line transfer U.S to INDIA.
My son is NRI in the USA how much amount in Indian currency he can gift me.
My Funds lying in the NRE account can be transfered to my son NRE account as gift to him?
Hi Hemant. Can I check if I can send gifts such as cosmetics to my family back in India and not get taxed on it? I am an NRI and holder of Indian Passport Holder based in Singapore. I would typically use a corporate DHL account to ship. Any tips ? Thanks
Do we have to register or notary for this gift deed also if doner is in USA and receiver is in India can what will process to make sign on gift deed
If i send a remittance to my daughter in Sweden from my India funds will it be taxable as a gift tax in sweden?
Hi Rohini,
As per my knowledge, you should consult with an tax consultant in Sweden
I am an Indian citizen and want to give 150000 USD as a gift to my brother under LBS .Should I have to pay 5% TDS on that amount?
Can my daughter who is a resident of Canada gift me ( father ) money to my resident savings account in India. Any limit and any tax is there
Transferring amount from nre account to parents resident saving account is taxable?
Hi Naitik,
As per my Knowledge, It won’t be taxable up to a certain limit.
How much money I can gift to my brother-in-law from USA tax free?
How much money can my sister from the USA send to my wife’s account ?
My friend is in Canada and he is a Canadian citizen who bought a property in Bangalore in the year 2003. He wants to gift it to his friend in India. what are the permissions required to be obtained from RBI?
How much money can parent send abroad as a gift?
I am expecting a monetary sum from my NRI relative in the US. What will be the tax charged to me?
I m going to sell my house in India n me n my daughter r US citizen. Can I gift her that money from the sale of the house?
My mother is a resident Indian. What amount can she gift to my NRI sister in cash, bank transfer without Income Tax provisions?
I am senior citizen and my sister in USA wants to send money as gift. How much she can send so that tax is not levied.
Can a Canadian wife of Indian Origin husband receive money inherited by him from the property?
Selling property and want to gift money, do I have to pay tax?
If I get money from my relative in USA. How much can i recieved in my bank
I am an NRI and want to gift my house in India to my mother. do i need to come to India to gift the property?
Hi Vijay,
As per my knowledge Yes you need to be physically present to register the property under your mother’s name or if you have a power of attorney then you need not come to India.
My father just got a friendship from a person from UK as we only have a few months of knowledge. Two days ago he asked for our address and we gave him. He said that he need to send a gift and we decline it. but yesterday he send some expensive items and about 50000 dollers in it. And to today morning there was a call they said it was from customs and told as to pay about 35000 .we cheked the no in truecaller but there was no number .so we said him that we can’t afford much money.so can we bow return this gift?
Hi Meghana,
As per my knowledge, you will not be able to claim the custom duty back and, Yes you can return the gift but that will incur courier charges.
Can I deposit Rs.50,00,000 in the nro account of my son in USA pl as a gift to him?
Hi Ramaakrishna
Yes you can.
Can my brother who is an NRI gift his shares of India to me? Does it require gift deed?
Hi Ajay,
Yes he can. It doesn’t require any gift deed.
I got a gift from us and I received a call from the customer’s office why they call me.
Friend who is staying in UK wants me to add money in Amazon wallet against that she will send money on my bank account in India while paying tax will this count?
Hi Tanu,
As per my knowledge, Yes it will be Counted for tax.
Money deposited as a gift by my father in India in my s nro account is transferred to my sb NRE account and from sb NRE it is transferred to my USA account. now, how can i show to USA authority that this money is received into USA account as gift money from my father to me?
How much money I can send to my NRI brother staying sydney?
Hi Sharayu,
As per my Knowledge, In India there will be no taxation on sending gifts to close relatives but the receiver’s taxation will depend on the other country.
i m an nri staying in usa. my father gave me a gift of rs. 5 lacs . he deposited this money into my sb nro ac. in india and this amount from sb nro accouunt is transferred to sb nre account in order to transfer the amount to my usa acount and subsequently the amount of rs. 5 lacs is transferred from my sb nre acHcouunt to my usa account. what r the precautions and documents etc., r required by me to show to usa tax authorities that this money is transfferred to my usa account towards gift bby my father to me?
I am a NRI living in Germany. I have following immovable properties in India. 1). a House worth 25.00.000 INR and 2). a residential plot worth 40.00.000 INR. I want to know the follwing:
1. I want to gift these properties to my sister, resident of India. Does she or I have to pay, for this gift-transaction, TDS or any Income Tax in India?
2. If my sister sell these immovable property in India, does she have to pay TDS od Income tax in India?
3. Can my sister gift me 50.00.000 INR by bank transfer, in my NRO bank account in India, in future (after 2 to 12 Months), after selling these properties. Does she or I have to pay, for this transaction TDS or any Income Tax in India?
how much tax free gift money can NRI receive from their parents in India
Hi Sahil,
As per my knowledge, the Gift received from the Relative will remain tax-free.
Gift from freind in Germany received there whether it is taxable or not?
Hi Sameer,
As far as I know, if it exceeds Rs. 50000 then it will be taxable.
Can my friend NRE account holder transfer money to my NRE account if so any limits.
Hi Ravi,
If the gift limit exceeds Rs. 50000 then it will be taxed.
What do you mean if a gift exceeding 200000 is given in cash to NRI relative it will attract penalties from income tax. I transfer money through my bank will income tax department will impose a penalty if I remit more than 200000.
I would like to gift Rs.15 lacs to my sister who is an NRI, residing in the USA. How can I remit this amount to her?
Suppose I live in the Uk and am a national. Can I receive financial help from my relative in India to make a house purchase in UK?
If we receive any gift from the UK to India. From relatives or nonrelatives. Like cash or worth full gift. In India we have to pay GST it’s compulsory.
If a Resident Indian gives gifts of 50,000 each to more than 1 NRI, both of them non-relative, will there be any gift tax implication for Resident Indian?
If I send 50 K to someone who has already received 50 K by someone else in India. Will 100 k be taxable to the Indian citizen?
Hi Richa,
Yes if the amount of Rs. 100000 will be received from Non-Relative then it will be taxed.
I want to gift my daughter staying in the USA. Within the tax limits .how much and how.
Hi Mr. Ranga
As per my knowledge you can gift up to $14000 as a tax-free gift.
if I send money from abroad to my sister-in-law, is she taxed?
I have transferred RS into my father’s accounts. Is it taxed in India?
Hi Vikas,
As per my knowledge, it will not be taxed.
How much money can be received from overseas as GIFT and does the transactions trigger RBI?
My son is in the USA he is transferring money to my account in India, and I am investigating such money to buy a residential property, does it taxable?
Hi Sushma,
As per my knowledge, it will not be taxed.
Is there a penalty on premature redemption of FCNR tenured for one year in HSBC bank?
If I am a citizen of the USA and an OCI of India – I have NRO accounts there. But if I want a relative to transfer money from there to my US account. How can I do that legally and what are the limits?
Hi Himal,
As per my knowledge, You can transfer up to $14000 as tax free gift if you are relative.
I am a Nri and how much money in INR can I gift my parents in India.
I am Indian my brother is having business in Singapur, he is giving me a gift in terms of us doller through cheque.
My mom who is a resident in India wants to gift me and my sister money. I am in the USA. Can she gift both of us $15000 each without us reporting for gift tax? Also is there an RBI regulation for a 7 lakh gift in India ?
I want to send 50 lacs INR to my son, who is citizen in australia, is there any tax on it?
My mom is an Indian resident and wants to gift me Rs 4 cr from the sale proceed of a residential property ( she will pay all gain tax etc ) whilst I’m a foreign national with an OCI card. Can she transfer my money directly to my overseas account and make a gift deed for the amount of $550,000 or give me the gift in India and I convert it from my NRE account and remit it to my account overseas without paying any taxes? Please advise.
I am an OCI seeking to gift rupees of 2,00,000 to my nephew in India. I understand as the amount is more than 50,000 Rs there would be tax implications for him. I had read somewhere that he would need to give an undertaking that he would pay whatever taxes are owed in India for that money. what letter is required for that in addition to a gift letter? Would you have a template I could use? Thanks
Does a foreign national who is resident in India have to bring the gift of movable to India which he receives from another foreign national?
What is the documentation for receiving gift in India by NRI?
Is there any tax liability in the US if I get cash/bank transfer from my brother in India?
My elder sister wants to gift a piece of land out of love. I am US citizen. She is an Indian citizen. will this be taxable?
Hi, Thank you first. I am a resident Indian. I want to send about Rs.40L to my employed son in U.S. IF I SEND IT THROUGH A BANK TRANSFER WHAT ARE THE IPMLICATIONS LIKE TCS. CAN THAT BE POSSIBLE TO CLAIM BACK WHILE SUBMITTING RETURN AND HOW MUCH BACK.
Gift is to be received in Mumbai from canada gift is in custom office. How this can be received?
Want to gift permissible amount to my grandchildren in the USA through my Indian bank account . Do I need a gift deed done.
My NRI son wants to sell the property which he 12 years back in India how much capital gains tax will he has to pay?
I won’t send 60000 euros to my son in Germany. Do I have to pay tax?
Indian citizens getting property abroad in gift, does that Indian citizen has to file any paper work for this in India.
Indian Citizen If Get Any Residential Property Abroad as a gift (Having no rental income) so do that Indian citizen need to file any form in India stating his property received as gift abroad (having no rental income).
My daughter is in japan and is planning to buy a house property. Can i send money from india and if yes how much and the formalities thereof?
Is gift of 50,000/- Dollors by a sibling’s husband during FE- 2020-21, taxable?
My Daughter & Son in law are PR holders of Canada & I, father resident of India ( Indian Citizen). How much I can gift them in an financial year without tax liability in India ? Is there any slab for such transaction?
As an NRI husband , can I give a gift of 1 crore to resident wife for her to buy a flat in India ?
Indian Citizen If Get Any Residential Property Abroad as a gift (Having no rental income) so do that Indian citizen need to file any form in India stating his property received as gift abroad (having no rental income)
Indian Citizen say Mr. M If Get Any Residential Property (House) Abroad as a gift from Mr. C (Having no rental income from that residential property and Mr. C living in that home ) so do that Indian citizen Mr. M needs to file any form or any paper work in India stating his that house property received as gift abroad (having no rental income)
I am a nri. My mother who is 80+ yrs old want to gift money to me. Can she prepared future gift deed as money is tied to investment.
my uncle daddys younger brother is an NRI who want to give me gift in cheque above rs.100000/- to his nephew who is an indian resident. whether that amount is taxable.
We were visiting India recently. On our 50th wedding anniversary, we received 2 gifts (each less than INR 50000) from close relatives while in India. Am I allowed to deposit cash (Two deposits- each less than INR 50000) in my NRO account? I am a person of Indian origin settled in USA for past 50 years.
If a non indian friend wants to gift me a 3bhk property worth 2 cr, will it be taxed and is there a way?
If my son (US citizen) opens a US Trust account in which I(Resident Indian) and my grandson (US Citizen) are the beneficiaries, and if that Trust account sends any funds to me in India, will I have to pay tax in India?
I am NRI, can I gift 1 crore rupees to my wife? What is the procedure to follow?
Conversion of INR 700000 in CAD showing as a gift from Dad will it attract any tax in India?
I want to gift to a distant relative who got married. I want to give 4 lakhs to him to buy some utility items as he married recently. I’d like to know if I have to show in return for IT?
My NRI son has in this fy gifted her mother Rs. 2 lacs by bank transfer is there any Tax implication?
From the proceeds of the sale of the property, a person would like to send money to their son in the USA. It is understood that there is TDS for such transfers. What is the maximum limit that one can transfer? Does this rule has exemptions for purpose of transfer like gift or family maintenance?
What would be the total cost for the transfer of ownership flat (gift deed) without any exchange of money from sister to brother? Catholic from Mumbai holding an NRI Card. Thank you!
Hi, I am an NRI residing in UAE for more than 10Years. I want to send INR 20 Lacs from my ICICI NRE Saving A/c to my wife saving a/c who is a resident Indian. She will use this money to buy agricultural land in India. What will be Tax Implications for both of us?
Can a resident Indian who owns a Co outside India offer full of those shares (100% of ownership) along with retained earnings as a gift to his sister, treating it as a gift with full exemption from Indian income tax on his global income relating to those shares?
If I send money to my mom does she have to pay tax in India?
How much can an NRI husband gift to her Wife in a year? The wife is a resident Indian and not NRI.
My son is in the USA and is NRI. He wants to know, if he invests in the Indian stock market directly to equity, now and let’s assume that he earned 40*/* return on sale within 1 year /2 year. In that case, what will be the tax impact in India? And how he can transfer that money to the USA? What will be tax impact in the USA, while he transferred these money to USA. Currently, at USA, he is in highest bracket of tax.
Hi Prakash,
As an NRI he can not invest directly in stock market. He has to open a PIS account.
for more details you can click on below link.
https://wisenri.com/pis-portfolio-investment-scheme-for-nri/
If I send a gift of 35 lac to my son, will I be taxed?
Hi Kuryan,
No it will be tax free.
Can we send a surprise gift to NRI by just knowing his place, name, phone no. and company name where he is working.
Are gifts made to a Resident Indian by an NRI from his NRE Account exempted from tax fully?
Hi Venkat,
Yes it will be free if gift receiver is a relative of NRI.
I am planning to get money from my mother in the NRO account? about 5 lakhs what is the tax implication
?
Hi Kujankumar,
It will be tax free. But the interest in NRO account will be taxable.
I have an NRI account, I want to transfer 5lac to my sister’s account. She has an account in an Indian overseas bank.
Hi Kanika,
You can transfer to your sister’s account. there will be no tax.
My sister wants to gift me INR 18,00,000. I need to know if she transfers it through the bank will she have to pay tax.
My son is an Australian citizen. He is facing hardships there. Can I gift him money after selling my plot which I have inherited from my father through a will? How he will be taxed? what will be my tax liability in India, if any for me?
Hi Rakesh,
Yes you can send him money and there will be no tax in india. You have to pay long term or short term capital gain tax.
Can I Indian gift my assets to my son who is British.
Hi Gopaldas,
Yes you can.
I and my wife have been receiving funds from my son in the US ON H1-B for quite some time. Now with my advanced age and of less need, I would like to send back as much as possible. Those amounts have been shown as Gifts in some years and Ln in year’s return. Now, what is the possibility and liability in the present scenario?
Hi Sunderesan,
You can send it back to your son. you can send it up to a limit prescribed by RBI.
If any Indian resident parents, father, or mother gives money to NRI Son in the USA for maintenance as a gift, will this money be taxable in the USA for the son in the USA?
Hi Uday,
Money up to $15000 in a year is tax free in USA.
I have received money from my cousin in Uk is this taxable.
if I send a new cellphone as a gift to my wife in India, how much tax she or I need to pay?
HI Shahbaaz,
There will be no tax.
if any Indian resident parents, father or mother gives a money to NRI Son in USA for maintenance as a gift, will this money is taxable in USA
Hi Uday,
Money up to $15000 is tax free in USA.
Can my sister in US gift me an ipad and send by post?
Hi Deepak,
Yes she can.
My wife’s brother who is NRI wants to gift me, my wife & 2 daughters in a cheque, what are income tax implications on these gifts? Can he transfer directly from his US account or he has to transfer to his account in India and then transfer to us?
If the gift value exceeds the value of Rs 50000 then it will be taxable for you and your wife as per the tax slab. and if your daughters are minor then it will be added to your income and will be taxed accordingly. He can transfer the money through his US account also.
Gift received outside India from a friend is exempt of income or not?
Yes, it is exempt if the gift value is within Rs 50000.
If someone sends a gift to Delhi from UK so courier service charges I have to pay.
Yes, you have to pay the courier charges if you send the gift from UK.
Can a property be bought by an NRI in the name of his son and later on once it is sold can the proceeds come to the NRI account?
Yes an NRI can buy the property in the name of his son and he gets the money in his NRI account after paying
tax on short term or long term gain.
Gift by Indian to his Nri sister limit is how much?
The limit is various in every country. In the US the gift limit is $15000 in a financial year.
I want to gift money to my children in the USA? What is the procedure and how much can be sent?
You can send the money to their NRE or NRO account. you can send $15000 in a year.
Can my mom’s sisters give her property as a gift to me? She is an OCI and I am also an OCI.
Yes, she can give you her property as a gift but it should not be agriculture or farmland.
How much NRI can gift to his daughter living in India?
There is no such limit on sending gifts to relatives.
I am a foreigner studying here in India and my cousin from Australia wants to send me a watch as a gift. The value of the watch is 15700rs is it going to be taxed? Thank you
It is not taxable as the value of the gift is within Rs 50000.
how many residents an Indian can gift to UK NRI without paying tax in India?
An resident can send $250000 in a financial year to UK NRI.
A gift parcel was sent by my friend from the UK with some gifts as well as some currency inside as a gift to me. but in India after reaching the parcel they asked to pay 25000 as a transport service. ok, I paid for that. later they scanned the parcel and said this box has currency in bulk. so need to pay a penalty of 50000 rupees. ok, it is also paid. but now they r again asking to pay 45000 rupees for the exchange of UK currency.Ok now what am I saying is that if I get the gift parcel along with foreign currency later I can exchange. why I have to pay for that.is Delta Courier Delivery company from the UK to India a trusted company?.is it true.
You should consult with your tax advisor about this.
My uncle had german passport but he has some parental property in india which he wants to gift his brother in india. Is this possible to do so?
Hi Saurav,
Yes, this is possible.
Is money gifted by nri son to mother in India are subjected to tax benefits?
Hi Abhishek,
Subject to the limit the amount is exempt.
Can my NRI real sister give 50 lakh gift through money transfer without any tax implication?
Hi Mukesh,
I think there would be some charges on money transfer for that.
My NRI son wants to transfer money to me for purchase of car . Whether gift tax has to be paid and any gift deed has to be signed by my son?
Hi Viswanatham,
I think their would be no requirenment of gift deed.
I am a person of Indian origin (holding US passport). I received 2 gifts each under INR 50000 from relatives on our 50th wedding anniversary. The funds were deposited in NRO account. Why I am receiving emails from the Indian bank to specify the source of funds.
You should consult with your tax advisor about this.
My wife and I are NRIs I want to gift my flat in India to wife. How can I do that sitting in USA?
Hi Adwait,
I think for that you should be present in India for the formalities and deed.
Can my sister transfer (gift deed) her ownership flat to me having an OCI card and how much would it cost? What documents would it require since I don’t have an Addhaar Card? We’re Catholics from Mumbai! Thank you!
Do i have to pay tax if my sister in london sends me money in my savings account.
No, it is exempt for you.
If I send money from Australia to India, the receiver need to pay tax?
If the receiver is relative then it is tax free otherwise it is taxable if the amount is above Rs 50000.
how much money I can give to my daughter as a gift,I am an NRI and my daughter is 21 years old.
There is no such limit.
Thank you. Could a resident of India send money to Russia for a citizen of Russia? recipient and sender are not related
Yes he can send the money (limit prescribed by RBI)
If an NRI wants to gift some money to his cousin, her husband,& daughter, will it be taxable for them in India?
No it will be exempted for them.