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gift from son

#1 20-Nov, 2009 09:10 PM
Nair K V
New Arrival
Joined Date: 01 Oct 2009
Location: Kottayam
Posts: 8
Likes: 0

my son is an nri he intends to purchase a car in india and give it to me for my use is there any tax implication



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#2 20-Nov, 2009 10:58 PM
Feroz
Best-seller
Joined Date: 19 Oct 2008
Location: Pallakad
Posts: 726
Likes: 4

It is just the same procedure as is purchased by a resident Indian. No additional tax will be there.

You will have to pay the excise duty and usual road tax.




You can live in your car, but you can't drive your house.
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