Home |Tax returns filing | I am an NRI living in Sydney. I want to send money to my sister every month as her husband lost his job recently. What’s the best way to go forward and how will i reduce my tax liability?

I am an NRI living in Sydney. I want to send money to my sister every month as her husband lost his job recently. What’s the best way to go forward and how will i reduce my tax liability?

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Teresa Teresa
Answered on February 10,2020

Gifts of money made to ‘relatives’ are exempt from income tax. Relatives for this purpose have been defined in the income-tax Act and include your sister. Therefore, you can send the money directly to her. There is no tax implication if the money is not invested on your behalf.

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