Hi,

I am on H1 visa in USA.
I plan to get some $$ from India as a gift by my sister who is Indian citizen.

My questions-

1. Can parent/in law/sibling give the gift without issues?
2. How much is the limit in terms of $ to get gift from India?
3. Do I have to pay taxes in US and does the donor have to pay any taxes in India or USA?
4. Can I use this money as gift as a downpay ment for buying new home?
5. What documentation does she have to prepare and what documets do I need to prepare?
6. Does she have to show any proof as to where the money came from in her account before it was transfered to my account as gift?
5. Are there any other restrictions, forms to be filed by me in US while filing taxes etc for the same.

Thank you for the help.

~Tara