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Gift Services for NRIs – N.D. Savla & Associates

For Non-Resident Indians (NRIs), giving or receiving gifts in India involves both income tax rules and FEMA compliance. Whether it’s money transfers, movable property, or immovable property, each type of gift has specific tax implications. At N.D. Savla & Associates, we provide complete guidance on NRI gift taxation in India, ensuring that your transactions remain legally valid and tax-efficient.

Overview

Under Indian law, gifts received by NRIs from relatives are tax-free, while gifts from non-relatives may be taxable if their value exceeds ₹50,000. Similarly, FEMA rules regulate how much and in what form gifts can be transferred between residents and NRIs. Our role is to ensure that both income tax provisions and FEMA regulations are followed.

Features

  • Advisory on gift taxation for NRIs under the Income Tax Act

  • Guidance on tax-free gifts from relatives

  • Tax computation on gifts exceeding ₹50,000 from non-relatives

  • FEMA compliance for gift of property or money between NRIs and residents

  • Documentation support for gift deeds and bank transfers

  • Assistance in reporting gifts for NRI tax filing

Documents Required

  • Passport & PAN card

  • Gift deed / declaration letter

  • Bank statements (donor & recipient)

  • Proof of relationship (for claiming tax exemption)

  • Property papers (if immovable property is gifted)

  • FEMA declaration forms (if applicable)

Procedure

  • Relationship Verification – Confirm whether donor qualifies as a “relative” under Indian tax law.

  • Valuation – Calculate the fair market value of the gifted asset or amount.

  • Tax Analysis – Check applicability of tax if value exceeds ₹50,000 from non-relatives.

  • Documentation – Draft and execute a valid gift deed / declaration.

  • FEMA Compliance – File FEMA forms with the bank / RBI if required.

  • Tax Filing – Report the gift in the NRI’s income tax return where applicable.

Why This Matters

Many NRIs are unaware that gifts in India are taxable depending on the donor-recipient relationship. Non-compliance can result in penalties or scrutiny from tax authorities. With our expertise, your NRI gift transactions in India are structured legally, tax-optimally, and without complications.