Tag: Nri Gift

NRI-Gift
Budget extends tax on NRIs for receiving gifts from resident Indians

New Delhi: The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers, plugging an earlier loophole that allowed its tax- free treatment. The Finance Bill 2019 has imposed tax on any sum of money paid […]

  • Wednesday, 28 April 2021
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