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Is TCS applicable on gift to NRO account?
January 26, 2026
|Mint Kolkata
I am a 60-year-old resident Indian and would like to gift approximately ₹30 lakh to my daughter who is a nonresident Indian (NRI).
I wish to credit the amount to her nonresident ordinary (NRO) account in India, as I do not want the hassle of foreign remittance. Is tax collected at source (TCS) applicable on this transfer?
-Name withheld on request
هذه القصة من طبعة January 26, 2026 من Mint Kolkata.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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