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.
_{Hi i am an NRI. I am nominee in my fathers saving account in india. He had expired in nov 2019.Being nominee in his saving account the bank has transferred the cash in my NRO account. i need to know regarding tax liability against my deceased father for the cash amount and against me if any}
Costs are determined by the type of transfer, the location it is being sent and how it will be received. There is a limit of up to PS2,500 (or equivalent) per transaction. As outlined in the earlier section, payment options include cash, bank transfer, debit or credit card and there is a fee for each of these methods which ranges from $5 - 20. learn the facts here now
As your Son and Daughter are both relative, you can remit this amount as gift and no gift tax attracted to both receiver and giver.But remittances from NRO to NRE account are limited to USD redacted in a financial year.And further proper documentation is needed to send this money. You should hire a CA for this.
The very first formal cross-border remittance market was set up to handle transactions between the United States and Mexico. Three decades later this is still the most popular transfer corridor for Western Union accounting for 20% of the market share. Do I have to pay tax on money transferred from UK to India 6 lakh usd to inr

You are a CA so I can't even say talk to a CA. My understanding is as this property is in India, your brother should be in India to transfer this asset to you - you should talk to a lawyer in your city development office where property registrations happen.

Originally founded in 1851, Western Union has come a long way since their early days, when sending telegrams was the main objective. What started as a transcontinental telegraph cable has evolved into a leading global payments network, allowing the company to remain at the forefront of dynamic money transfers for over 150 years.
_{Domestic fees are often low, with many transactions completely fee free to personal customers if you pay in INR. However, international payments can be more costly: sending payments overseas has a charge of 3% + conversion fee of 4% on top of the wholesale rate.}

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If your daughter-in-law remits money from the US to her husband's NRI (Non-Resident Indian) account in India, it would not be considered a gift and would not attract gift tax. However, the money would be subject to foreign exchange regulations in India and any income earned on that money would be subject to income tax in India. It is advisable to consult a tax professional for more information on foreign exchange regulations and compliance with Indian tax laws.

Don't head straight to your American bank - compare specialist money transfer services instead. They nearly always offer better INR exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more Indian rupees.

Western Union mobile app is an excellent money transfer app available on Google Android and Apple iOS. Thanks to the app, you can smoothly send cash to around 500000 agent locations/offices or one-billion bank accounts across the world, irrespective of time or place.
Our research found that exchange rates given to customers arranging a Western Union international transfer can incur markups up to 7% above the mid market rate. These rates are not nearly as competitive as the foreign exchange services offered by companies like TorFX or Xe.
Every year, tens of thousands of Indians send money to friends, family, and business associates in the United States. And with one of the most popular methods for currency exchange being Xoom, many also wonder whether Xoom is a good option and whether it works at all in India.