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Tarun Gangwani   12 July 2020

Gift deed

Hello, We have a relative who is an American citizen and she sent us a release deed 2 months ago relinquishing her rights on an immovable property without consideration. Now she is in need of financial assistance we wish to send her some money in USD as a gift and sign a gift deed. We wish to know is this the right way to do it in the above scenario. Kindly advice.


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 1 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     12 July 2020

1. Indian Money CANNOT be transferred abroad, without permission of RBI, since it is a prosecutable offence under PMLA & FERA and other laws.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com


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