Budget extends tax on NRIs for receiving gifts from resident Indians

July 11, 2019 |
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Budget extends tax on NRIs for receiving gifts from resident Indians

NEW DELHI: The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers, plugging an earlier loophole that allowed its tax- free treatment.

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