Analysis of taxability or otherwise of gift received by a U.S. Citizen from parents in India
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- By Chetan Kulasri
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- Last Updated on 24 February, 2026
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S. Krishnan – [2022] 136 taxmann.com 113 (Article)
The question that is posed and required to be answered is whether an OCI settled in America with citizenship there can take gift from his/her parents in India without attracting any tax liability in his/ her hands?
Before answering this question let us understand about the concept of gift vis-à-vis levy of gift tax.
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