Can I gift 250000 dollars from India (white money) to my friend in Canada

2213 viewsJuly 3, 2019International Tax

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Vijay (anonymous) Posted July 2, 2019

Can I Gift 250000 Dollars From India (White Money) To My Friend In Canada

1 Answer

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MadanCA Team 2.38K Posted July 3, 2019

Yes, you can. Gifts are not taxable to the recipient in Canada.

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