Western Union is predominantly used for their international payment services, as opposed to domestic payments which can be easily executed via low-cost domestic wire transfers. We would recommend this service for anyone who needs to send an international payment to a remote corner of the world, or is sending an uncommon currency, because of vast accessibility of Western Union services.
Fortunately, we've got the answer right here! In this blog post, we'll tell you what you should consider before sending money to India, share with you your best options for transferring money, and discuss the various pros and cons of each of those options.
There is no recipient tax on money being transferred from abroad to India when it's being sent to blood relatives. In general, "blood relatives" -- including spouses, children and grandchildren, siblings or in-laws -- don't pay tax on any amount you send.

What�s been the value of 1 USD to INR since 1947 to 2019

You may need to file Form 8949, just as with the sale of a property in the US, as well as a Schedule D form, and potentially a Form 4797 for rental properties. If the income from the sale of an overseas property is paid into a foreign bank account, this may need to be reported using FinCEN Form 114 and FATCA Form 8938.
However, if you owe more to the IRS than you paid to the foreign government, you can claim the whole amount as a tax credit. So if you paid the Danish government $500 in taxes but you owe the IRS $600, you can offset the full $500 you already paid as tax in Denmark - so you'd only owe the IRS $100 as a result of claiming this credit.

Remember that some providers will have maximum transfer amounts as well, either as a result of American tax policies or because their service is more limited. If you need to send a large transfer, look for a provider that has higher or no sending limits to India.

You can gift shares to your children as they are relative to you provided RBI approval is required and regulations & compliances are required to be fulfilled like gift does not exceed 5% of the paid up capital of the company, sectoral cap is not breached, total value cannot exceed 50000USD in one financial year etc. Its better to consult a good CA for such matters
My parents would like to sell their property in India and relocate to Switzerland where I live now. They can either transfer the proceeds to me here or relocate first here, open their account here and transfer all the proceeds to their own account in Switzerland.

The tax implications of transferring funds from a non-resident Indian (NRI) account depend on several factors, including the purpose of the transfer, the country where the NRI resides, and the tax laws of both countries. In general, NRIs are subject to tax on their worldwide income, including any income earned or received in India. This means that transferring funds from an NRI account in India to another country may be subject to tax in India.

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^{1. I want to gift these properties to my sister, resident of India. Does she or I have to pay, for this gift-transaction, TDS or any Income Tax in India?}

Your guidance in the matter shall help me in doing the needful

No, but they're fast! Xoom transfers can take anywhere from a matter of minutes to two or three business days to arrive in your recipient's hands or bank account. Bank deposit transfers are normally the fastest, and will arrive in India often in a matter of minutes for smaller amounts.
^{The other option you have is to make an ordinary bank transfer (i.e. an ACH transfer in the US) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more quickly and cheaply to your recipient in India than the bank would.}
There is no recipient tax on money being transferred from abroad to India when it's being sent to blood relatives. In general, "blood relatives" -- including spouses, children and grandchildren, siblings or in-laws -- don't pay tax on any amount you send.
^{My husband just died . I did not know he has some lands in India. Now his Nephew would like to sell the land and asking me to sign the paper. So he can sell the land. What Is the law. Is it legal to sign as I live in UK and I am British pP holder I do not have Adher card or Pan card}
Your recipient can then collect their cash at a Western Union location near to them, or you can arrange to have the money sent directly to their bank account or even mobile wallet.2 Not all payment and recipient options are available in all countries.

Last year I had transferred funds from my NRO account in India to my bank in Canada using Form A2, 15CA and 15CB. I am an NRI, and the amount transferred was in excess of 5 lakhs. I read that for amounts less than 5 lakhs, only Form A2 was required. That was also my experience during a prior transfer of less than 5 lakhs when I used A2 only.Yet your website states that Forms 15CA &15CB are only required for transfers of upto Rs 50000 per transfer or Rs 250,000 annually. Have the rules changed in this regard? Thanks Albert
_{The limit to gift to US NRI is 15 K in 2018, every year it is revised.}
information service that aims to provide you with information to help you make better decisions.
US citizens have a tax-exempt allowance on gifts to people overseas, and in 2023, this stands at $17,000 ($34,000 for married couples). If the transferred sum exceeds the threshold, then the tax is applied to the whole sum, not just the amount exceeding the limit.
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I am an NRI leaving in Australia. I have a property in India. I want to gift it to my mum. I still have Rs 24,00,000 loan reamining. can i keep paying that loan after transferring the property or do i have to pay off the loan before transferring the property?
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.