Would be thankful if provided needed authetic information addressing above querries.

With so much attention on money entering and leaving India, if you fail to report large sums, don't know you have to report them or don't report them correctly, it will likely be discovered. Make sure to declare any large remittance as income on your general tax return with the Indian Income Tax Department.

Your bank in the US might not offer you the best rate to send money to India. But there are plenty of dedicated money transfer services that will allow you to send money to an Indian bank account at the best rate. You can compare these services using Monito's live comparison tool. Here's how to send money from the US to an Indian bank account with a money transfer specialist:

First we should check whether NRI is relative or not, If he/she is relative then both receiver and giver are exempt from tax in india.

In my opinion, steps involved in the drafting of Gift Deed -
Form 15CA is an undertaking by the NRI to remit Funds and this form is submitted online and acknowledgment should be signed and submitted along with form 15CB in bank. Form 15CB is a CA certificate

Exchange Rate: Wise gives you the best possible rate (google rate). They do not use a margin.

_{If you're a US citizen living and earning income abroad, you'll unfortunately still have to pay tax on your worldwide income. This is true even if you've never actually been to the US - if you were born on an American military base or have an American parent you may still owe tax on your income.}
Western Union reviews are generally positive, with the expected negative reviews popping up on review sites like Trustpilot and ConsumerAffairs. It's no surprise that there are many users with great experiences and many with poor experiences -- given that Western Union caters to hundreds of millions of customers.
_{There are no gift tax implications in India for a resident Indian citizen receiving a gift of AUD 200,000 from a blood-related Australian citizen. However, the Indian resident may be required to pay income tax on any rental income or capital gains earned from the property purchased with the gifted funds. It is advisable for the Indian resident to consult a tax professional to determine their specific tax obligations in this situation.}
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information service that aims to provide you with information to help you make better decisions.
^{What are Indian gift tax implications when an Indian resident (mother, father) citizen receives AUD 200K from a blood related Australian citizen (child) via an international money transfer for the purpose of property purchase in mother, father and another sibling's name?}
While PayPal may be a good option to pay or receive payment for purchases online, they do not allow you to transfer money to individuals. If you'd like to transfer money abroad, you may want to consider a specialist international money transfer provider like Wise.

3.he wants 15-year agreements

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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 partner bank, in accordance with RBI regulations. Jupiter itself is not a bank and doesn't hold or claim

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?

if i send money to my son who has been laid off in UK due to covid19, my qns are- 5 send money from india maldives 500 dollar in indian rupees


Step 1: Just tell us how much to deposit. Step 2: Choose almost any bank in India, including HDFC Bank, PNB, Axis Bank and YES Bank. Step 3: Enter your recipient's account information on our secure page. Step 4: Conveniently pay with PayPal, bank account, credit card, or debit card. View all banks

1. with reference to the point that NRI relative can receive gift in form of cash,cheque items or property from resident relative, is there a limit on the amount in cheque/cash that can be given to the NRI?
Western Union believes in rewarding loyalty and anyone sending money through their app or website will be enrolled in the My WU loyalty program. The program allows visitors to earn points with each qualifying money transfer that can be redeemed against reduced transfer fees on future qualifying transfers. send money to india vs south 1 rates exchanges inr test


Hi Sangeeta,