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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Gift-Tax Rules for Remittances: No Tax on Foreign Gifts Unless Delivered in India Per Section 5(1)(ii)(a) Gift-tax Act.</h1> The circular addresses the gift-tax implications for remittances made by non-resident donors to residents in India. According to Section 5(1)(ii)(a) of the Gift-tax Act, no gift-tax is charged on gifts of movable property situated outside India unless the donor is an Indian citizen and ordinarily resident in India. If a gift in foreign currency is received outside India, it is not subject to gift-tax. However, if the gift is delivered in India, it attracts gift-tax. If the gift is sent to the donee's address in India at the donee's request, it is not liable to gift-tax, as the post office acts as the donee's agent.
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