Q.1184 Cash gift to UK citizen from India . . .

Question: Dear Sir, I wish to send cash gift to a friend in UK from India. Is there any limit to such gift amounts or any tax payable by the beneficiary? Thanks Answer: As per RBI’s Liberalized Remittance Scheme, Any resident individual may remit up-to 2, 50,000 US$ or its equivalent in one Financial Year. There's no gift tax in UK.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.1184 Cash gift to UK citizen

from India . . .

Question: Dear Sir, I wish to send cash gift to a friend in UK from India. Is there any limit to such gift amounts or any tax payable by the beneficiary? Thanks Answer: As per RBI’s Liberalized Remittance Scheme, Any resident individual may remit up- to 2, 50,000 US$ or its equivalent in one Financial Year. There's no gift tax in UK.
Previous BOOK for NRIs PIO, OCI Information at your fingertips!
Available worldwide from Amazon
Free delivery with Amazon Prime
nri guide v k chand NEW! EDITION