What Is The Maximum Amount An NRI Can Send Money To His Relatives Without Taxation Impact?

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Unlimited amount of money can be brought in India without any approval of the Reserve Bank of India (RBI) . However , as far as taxation is concerned , there is problem if the said transfer of money is to any one who is not your relative. Similar question is asked by V.M. Bhuwaneesvari ,Chennai¬†¬†“What…

Tags: Gift India maximum NRI relative resident US

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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