Gift of money from NRI relatives(Not blood relative but a far relative) is it exempted from Income tax?

It is taxable if you send a cheque other then NRE A/c cheque. To avoid Gift tax please issue your NRE A/c cheque. It is tax free and not taxable even if you give a gift to street dog (Used the words "street dog just for fun sake"- hope you do not misunder stand my words). If you are so particular about gift to your distant relatives, please open a NRE A/c in India, transfer your funds to NRE A/c and then issue them a cheque as a gift. Also give a letter to them that you have gifted that amount through your NRE A/c.

http://tax.indiainfo.com/nri/sending-money.html

No, presents are actually not deductible from earnings while paying earnings taxes. besides, looking on how plenty you deliver, you will possibly be to blame for present taxes. Likewise, being interior the US, you're challenge to earnings taxes on your international earnings. So in case you have interest earnings on a monetary enterprise account in India, say, or condo earnings on a aspects there, or your employer will pay component of your earnings back in India, you owe US earnings taxes on all of it. questioning of returning to India? in case you reside interior the US for a entire of 8 years out of the previous 15 years, then you owe an go out tax of forty two% of the finished international aspects, inclusive of unrealized beneficial properties. So say you very own a aspects in India, a house interior the US, couple of autos, some gold and/or rings, etc. you may desire to pay forty two% of the whole value in go out tax to leave the US.

nri gift from non blood relations taxable.