money sent as gift to niece, nephew, their spouses and children---Is it taxable to them in India ? I have already paid income tax on this money in U.S.
RE:Gift to niece, nephew and their children
by Amitabh on Apr 22, 2007 09:47 AM Permalink
Gifts received from relatives as defined under income tax law are not taxable in the recepient's hands.
