Foreign Gift

[sunil jain]

Dear Sir

Under FEMA is there any prohibition in receiving foreign gift from relative and is there any limit.

Thanks

Sunil jain

AI Summary

Foreign Gifts Permitted Under FEMA with Limits on Amounts from Relatives. Under the Foreign Exchange Management Act (FEMA), receiving a foreign gift from a relative is permissible, but there is a limit on the amount that can be received.