Spartan okasari itu ra brother

[Merabharathmahan]

Parent ki india ki money transfer chesthe giftdeed paper meeda prepare chesukovala? ma father ki nenu xoom nundi send chesa oka 20L ee year. Every transaction ki oka 2L ala transfer chesa several times.  Transfer statements proof undi but xoom vadu sender name tho deposit cheyatledu recepient india account lo. gift deed paper meeda rasi accept chesinattu donee daggara sign theesukovala?

[Spartan]

7 minutes ago, Merabharathmahan said:

Parent ki india ki money transfer chesthe giftdeed paper meeda prepare chesukovala? ma father ki nenu xoom nundi send chesa oka 20L ee year. Every transaction ki oka 2L ala transfer chesa several times.  Transfer statements proof undi but xoom vadu sender name tho deposit cheyatledu recepient india account lo. gift deed paper meeda rasi accept chesinattu donee daggara sign theesukovala?

i dont know man.

how u can claim that gift money..etc. better to consult CPA.

 

as far as i know, u cannot claim that money as tax exemption though.

gifts only to charitable orgs can be considered as gift and can be exempted to certian limit.

Parents/Children ki pampiste u cannot claim.

https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes#2

 

[Merabharathmahan]

Spartan mama, nenu taxes lo chuyinchi edo exemption kosam adagaledu. I think nuvvu misunderstood chesukunnav. 

India lo okavela father ki IT vallu notice send chesthe daniki answer ivvadaniki. Parent IT returns file cheyadu india lobecause he has no job. But nenu send chesina 20L tho land konnadu ayana peru meeda and PAN provide chesadu, bank check tho pay chesadu. in case audit esi dabbulu ekkadi nundi vachay ante i can tell i transferred from usa but edo gift deed kooda oka plain paper meeda rasukoni accept chesinattu sign theesukovali ani someone told so checking on that. 

Future lo adi na peru meediki transfer chesukovali kooda. 

[Spartan]

18 minutes ago, Merabharathmahan said:

Spartan mama, nenu taxes lo chuyinchi edo exemption kosam adagaledu. I think nuvvu misunderstood chesukunnav. 

India lo okavela father ki IT vallu notice send chesthe daniki answer ivvadaniki. Parent IT returns file cheyadu india lobecause he has no job. But nenu send chesina 20L tho land konnadu ayana peru meeda and PAN provide chesadu, bank check tho pay chesadu. in case audit esi dabbulu ekkadi nundi vachay ante i can tell i transferred from usa but edo gift deed kooda oka plain paper meeda rasukoni accept chesinattu sign theesukovali ani someone told so checking on that. 

Future lo adi na peru meediki transfer chesukovali kooda. 

oh ok. India lo tax kosama.

yeah your Dad can say that my son sent gift to me to buy that ani.

shouldnt be a problem. Note tese pettuko for future reference.

but ne peru meeda transfer aite..inheritance tax untademo US lo I think.

[Merabharathmahan]

3 hours ago, Spartan said:

oh ok. India lo tax kosama.

yeah your Dad can say that my son sent gift to me to buy that ani.

shouldnt be a problem. Note tese pettuko for future reference.

but ne peru meeda transfer aite..inheritance tax untademo US lo I think.

Ok. Xoom vadu sender name tho deposit cheyyatledu indian recepient account lo, local Punjab national bank tho deposit cheyistadu. Anyways mana daggara transfer chesina details pdf untadi   

paper meeda gift istunnattu and theesukunnattu emanna rasukovala gift deed? 

Future lo ippudu konna property ni father name nundi na peru meediki gift lagane theesukovachu kada. Why inheritance? person alive unnappudu we can take as gift right. Hyderabad lo manchi CA unte cheppu man indian tax and property related gurinchi and nris gurinchi knowledge unnayana.