Income tax on gifts in uk

sanjiv batra (Querist) 22 February 2012 This query is : Resolved
I am a UK citizen of Indian origin.If I visit India and receive a gift from my sister,who is citizen & resident of India,then is there any tax payable in UK since no tax is payable on receiving or giving gifts between brother and sister in India under Indian Income tax law?

Follow Query

Report Abuse

Sailesh Kumar Shah (Expert) 22 February 2012
About taxation in UK about gift transaction, you have to check law of that country, In India, you are rightly understand that no tax payable in INDIA.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Harrasement and metal agony from husband
Applicability of po act
Nps to old pension scheme
Suit filed by heirs claiming ancestral property
Hindu succession query
Application for final decree after preliminary decree
Application for final decree after preliminary decree
Application for final decree after preliminary decree
Claiming ownership of the motor vehicle of a deceased person
Company name struck off by the registrar of companies

Consumer / contract dispute
Regular matters
Request for second opinion in bar council proceedings
Reinforcing rule-based adjudication in proceedings
Awaiting the shrewd advocate's answer.
Pl. check for legal accuracy
Legal notice used for harrasment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law