Residents can gift Shares/Debentures up to USD 50,000 Value
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Residents can gift Shares/Debentures up to USD 50,000 Value
A person resident in India can now give to a person resident outside India, by way of gift, any security/shares/ debentures of up to USD 50,000 in value per financial year without approval of the Reserve Bank of India. Earlier, a person resident in India could give to a person resident outside India, by way of gift, any security/shares/debentures of up to USD 25,000.