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Topic: Gift Tax  XML
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[Post New]14/07/2011 15:06:09
    Subject: Gift Tax
[Up]
ssg


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Hi,
I am NRI in UK.
I understand that there is no gift tax between blood relatives in India. Does it change if one of the persons is an NRI ? Or should I safely assume that any money transfer between my NRO account and my mother's resident account and vice versa is not liable for any tax.
Thanks
[Post New]16/07/2011 13:10:18
    Subject: Gift Tax
[Up]
Anonymous


If I giftt money to my wife or son in cash. Do they have to pay income tax.
[Post New]26/07/2011 21:45:59
    Subject: Gift Tax
[Up]
Anonymous


no.
[Post New]26/07/2011 21:46:44
    Subject: Gift Tax
[Up]
Anonymous


no.
[Post New]26/07/2011 21:47:47
    Subject: Gift Tax
[Up]
Anonymous


if cash gift can be given in cash to wife?
[Post New]10/08/2011 01:38:54
    Subject: i gift money to my son in cash.do they have io pay income tax
[Up]
Anonymous


Anonymous wrote:If[b] I giftt money to my wife or son in cash. Do they have to pay income tax. [/quote]
 
Discussion forums » Income Tax Planning
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