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Sahasanu Chopra

Can an NRI gift money to his brother from selling a property in India? Will this be taxed?

1 Answer
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Yudhajit Garg

The money from the sale of a property in India can be given to a brother by an NRI, but it must be taxed in India. The NRI must pay the gift tax, now 30%, and submit a gift tax return to declare the donation. This is required by the Indian Income Tax Agency.

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