- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax implications for receiving gift from sibling in India
Hi there, I very much appreciate your advice regarding below:
My brother in India wants to send me a gift of 100k.
1) Is there any tax implication for me to receive this amount? Should I be declaring anything?
2) Is there a limit of the amount I can receive as a gift from my sibling in another country?
3) Would there be any tax implications or declarations for my brother in India?
Thank you!
March 17, 2023
6:54 PM