NRI whose income isn’t fully taxable can file Form 13 for low TDS certificate

If the payee qualifies as an NRI during the relevant financial year, the payer is required to deduct TDS at a specified rate on the taxable income of the payee.

It is advisable to document the gift through a gift deed. The taxability of receipt of gift in the US may need to be analyzed separately.

finance-options-for-nri-buyer-small_hsg2605_3561

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