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This tag is to be used for any question pertaining to gifts received and taken and applicability of taxes. If this tag is used, ideally a country-specific tag should also be specified, to indicate which region a question belongs to, as the answer may differ based on the country. Related tag is "income-tax" for question related to income.
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How to send money as Gift to Grandson for college education from india to USA?
I am a senior resident Indian of 73 years age. I am submitting IT returns regularly for the last 40 years.
My son-in-law, daughter and 2 grandsons are in USA. They are green card holders. Elder grands …