Are NRIs taxed on money gifted to a Hindu Undivided Family?
· livemint.com
The gift of money from your NRO bank account to your father’s HUF will not create any tax liability for you, as a gift of money is not taxable in the hands of the person making the gift.
I am an NRI living in the UK and a member of my father’s Hindu Undivided Family (HUF). I have accumulated certain savings in my NRO bank account and want to t...