2024 Gift Amount Allowed . How much amount of gift is tax free in india? As per the prevailing fema regulations and under the liberalised remittance scheme (lrs), a resident indian can give gifts to an nri up to an aggregate of usd 250,000 per.
However, income tax was not applicable on gifts. In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year ($18,000 in 2024, estimated to be $19,000 in 2025).
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