Gift to NRI or PIO by Resident Relatives : FEMA & Taxation SImplified !

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There maybe any number of circumstances or reasons for which a resident Indian desires to gift a non resident Indian or a Person of Indian Origin . One of the most important reason for asking for loan , maybe , purchase of house or some urgent medical expense on behalf of relative of NRI etc . Since the matter relates to transactions in foreign exchange (ultimately) , one needs to consider the implication of law of FEMA which is regulated by RBI and  taxation issues related to the receipt of gift . This post is going to clarify ,in question answer form , all issues related to gift by Indians to Non Resident Indians.

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