https://www.taxtmi.com/acts?id=46774 Amendment to section 5 adds exemptions for gifts by persons resident outside India and by citizens of India or persons of Indian origin not resident in India: (iib) gifts from balances in Non-resident (External) Accounts; (iic) gifts of convertible foreign exchange remitted from abroad to relatives in India with definitions for person of Indian origin, convertible foreign exchange, relative and resident; (iid) gifts of specified Central Government savings certificates subscribed in convertible foreign exchange; and (iiic) gifts of specified Capital Investment Bonds subject to a notified aggregate ceiling and available only to initial subscribers. en-us Mon, 30 Dec 2024 14:58:43 +0530 Mon, 30 Dec 2024 14:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46774 Amendment to section 5 adds exemptions for gifts by persons resident outside India and by citizens of India or persons of Indian origin not resident in India: (iib) gifts from balances in Non-resident (External) Accounts; (iic) gifts of convertible foreign exchange remitted from abroad to relatives in India with definitions for person of Indian origin, convertible foreign exchange, relative and resident; (iid) gifts of specified Central Government savings certificates subscribed in convertible foreign exchange; and (iiic) gifts of specified Capital Investment Bonds subject to a notified aggregate ceiling and available only to initial subscribers. Act-Rules F. Acts / Amendment Acts Mon, 30 Dec 2024 14:58:43 +0530 https://www.taxtmi.com/acts?id=46774