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Gift Tax in India

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Old 5th August 2007, 08:07 AM
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Default Gift Tax in India

How much amount one can pay to his/her family members as a gift in a year? Any document need to be registered for that? What is the gift rate in India?
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Old 7th August 2007, 09:39 PM
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Default Re: Gift Tax in India

Quote:
Originally Posted by madhu_amarnath View Post
How much amount one can pay to his/her family members as a gift in a year? Any document need to be registered for that? What is the gift rate in India?
There is no limit on gift to be given to family members. No document is needed as such but to be on safer side, you can go for a gift deed.
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