Tax Gift Service
1 year ago
Hello, I have a chase manhattan Bank. I need to send money to my parents as a gift. I pay US taxes in New York every year. If i send them check of 900,000 as a gift. Will they occur any taxes. Its for helping them fix their home
A.Dear Sir,
Normally, all gifts will carry tax. For details of tax payment and rate of tax payment you have to seek advise from chartered accountant.
Normally, all gifts will carry tax. For details of tax payment and rate of tax payment you have to seek advise from chartered accountant.
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A.Dear Client,
It is advisable to contact the number on the website to know further in this regard. Thank you.
It is advisable to contact the number on the website to know further in this regard. Thank you.
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