Yes, you can still send a money transfer if neither you nor your recipient in India has a bank account. Look at cash transfer providers such as MoneyGram where you can pay with cash and your recipient can collect it as cash or as mobile phone reload on the other end.
Son sent money to mother's account in India From USA, she bought property with that money and gave gift to others , now son asked to give back that property and mother also want to give back but donee refused to give back that gifted property, is it possible to take back that property by son legally
Exiap Website (https://www.exiap.com/) is a comparison website only and not a currency trading platform. Exiap is a website operated by Wise Payments Limited ("We", "Us"), a company incorporated under the laws of England and Wales with company number redacted.
Suppose a commercial property is given to a bank on rental basis for a period of 9 years and during this period, If i decide to gift this property to my nri daughter, can I do that ?? Can the bank agree to this or one has to first terminate the rent agreement and then re-enter into agreement with the new owner
4 Fee reductions apply only to the Western Union®️ transfer fee for a single Western Union Money Transfer®️ or Quick Collect®️ transaction. Excludes all other services, including without limitation, online bill payments, and money transfers via social/chat applications. Points used will not be reversible and if amount of transfer fee is less than redeemed discount, no cash, credit or refund will be provided. Western Union reserves the right to offer promotions l discounts that cannot be combined with My WU®️ fee reductions. remit money from india to canada How countries make up for CAD Current Account Deficit Say India Imports 100bn worth and exports 70 bn worth So 30 bn shortage We cant sell rupee and buy dollars to cover it up coz nobody is going to take rupee and give dollars Hw it works
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Yes. As a PayPal company, Xoom is a very secure money transfer service that's fully licensed and authorized to operate. What's more, according to Xoom, the service uses 128-bit data security encryption, meaning that all information is completely private and cannot be used to identify information about you.
It allows customers to receive and send cash worldwide at over 320000 locations across 50 countries and territories. Unlike most other service providers, Boss Revolution processes international transfers within minutes, making sending/receiving money convenient and hassle-free.
It's important to note that the gift must be made out of your own funds and cannot be sourced from any borrowed or loaned funds. Additionally, the gift must be made under the Gift Tax Act, and you may be required to file a gift tax return if the value of the gift exceeds a certain threshold.
You can pick up your cash in minutes at any one of Western Union's 500,000 agent locations worldwide. If you are receiving funds domestically, you will typically find that on average the funds will arrive within 24 hours. In comparison, international transfers can take between one to five business days to process.
1.The property must be for the PIO's residential or commercial use.
For this, you have to consult with the lawyer.
By choosing a transfer service found on Monito, the average user pays a total of just 0.59% in fees and exchange rates. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved around $80 million in total to date!
Currently, I am living in Canada. I am sending 80,000-100,000INR every month to my dad's account. Who is living in India, Whatever money I am sending to him from my side is after tax. So, my question to you is how much money I can send to his account. So, they do not need to pay any tax to the Indian government?
hi if I gift a car to my parents in India from overseas do they or I need to pay thi if i gift a car to my parents in India from overseas do they or I need to pay tax or duty on ca. even it is a gift to my parents from my side as I live in overseasax or duty on car even it is a gift to my parents from my side as I live in overseas
India Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in Delhi and Mumbai. Readers may write to Email for more support on doing business in India.
A good rule of thumb: never send money from the US to India with banks, Paypal, or cash-based money transfer services. Sending money with them is very expensive if you calculate all the fees (including hidden currency exchange rate margins). However, there are also plenty of other options to send money from the US to India. You can compare on Monito and find the cheapest money transfer operator for your next transfer to India.
Choose cash pickup and your money is typically available in minutes at convenient locations throughout India. Send bank deposits typically in minutes to HDFC, Axis Bank, Yes Bank, Punjab National Bank (PNB), ICICI Bank, State Bank of India (SBI), and most major banks in India when sending up to 5 lakh. Deposits above 5 lakh typically arrive within 2 hours to most major banks in India, 24 hours, 7 days a week.++
For sending remittance from UAE self bank account to India self bank account for investment purpose ( say FD or mutual funds etc.) is there any limit of amount per remittance or per year which can be sent . Remittances are sent through bank channels only.
Banks generally insist that for such remittances, a certificate from a chartered accountant, and an intimation to the income tax department (both of which are filed online) should also be furnished. These forms are not asked for by banks when the remittance is being made under LRS by a resident.
i m an nri staying in usa. my father gave me a gift of rs. 5 lacs . he deposited this money into my sb nro ac. in india and this amount from sb nro accouunt is transferred to sb nre account in order to transfer the amount to my usa acount and subsequently the amount of rs. 5 lacs is transferred from my sb nre acHcouunt to my usa account. what r the precautions and documents etc., r required by me to show to usa tax authorities that this money is transfferred to my usa account towards gift bby my father to me?
However, if the money has been sent by someone who is not your close relative, then up to Rs. 50,000 the money is considered as a tax-free gift. If the money received in your account is above Rs. 50,000, then you'd have to add the excess amount to your income and pay income tax.
They're fully licensed and regulated in countries they function to keep clients safe. When sending international transfers, you'll note each service has effective in-place measures, from ID/account verification to ensuring funds are received by the recipient with ID proof and transfer details.
1) option#1: I receive the land as a gift from him, I sell the land and transfer the sale proceed to my overseas bank account via my Indian bank account