I am a NRI (now USA citizen) in old age. I want to gift my life's savings which are in NRO account in India to my children in USA (who also are USA citizen). What is the limit of transferring money from Indian NRO account to their USA as a gift? What documentation do I need to submit to my bank in India?
There are different rates for each type of transaction. You might also hear this fee described as a payment processing fee, or seller fee. The exact fees you pay will depend on whether the transaction is considered domestic or international, and the payment method.
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Monito compares 13 providers offering international money transfer services from the USA to India. The total cost of the cheapest available option at any given point in the past month was 0.1% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 7.6%.
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1. how much money can i send him per month?
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The Western Union brand is perhaps one of the most well-known in the money transfer industry. Founded in the United States over 170 years ago, this company has grown into a global operation that supports international remittances from all four corners of the world. In this review of the company we will assess how expensive, efficient and trustworthy Western Union money transfers are.how to convert usd to inr in paypal 19 dollar to rupees
If you're a merchant or business customer, the benefits of offering PayPal payments may outweigh the fees you pay. But if you're making or receiving regular international transactions, you may want to compare PayPal to a few other providers which could offer lower fees and better exchange rates, with just as convenient and quick a service.
Dear Sanjay,
Statrys offers multi-currency business accounts with a human touch. Statrys Limited is licensed as a Money Service Operator (No. 19-02-02726) in Hong Kong. Statrys UK Limited is a Small Payment Institution (FRM: 911226) registered with the Financial Conduct Authority in the United Kingdom (FCA). Send money to India from USA how can dollars to rupees
Mother and sister residents on India, staying in India. Will she have to show the gift given to her tax consultant in the US if it's below the limit?
In India receiver pays gift tax. Receiving Brother is a relative and any amount of gift from a relative (brother/sister) is NOT taxable to him in India. But there may be taxation to giver in the country of residence. Please check on that. In USA the giver of gift is taxed if the yearly amount of gift exceeds USD 15000/- (Rs.10,50,000/-approx.). But your yearly total gift amount is only Rs.1,20,000/-. So No Tax in USA. Check tax rules if you are residing in any other country.
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When you send money to any person abroad in India, the first $15,000 USD will be exempt from taxes by the IRS under the Gift Tax policy. This limit is charged on a per-person basis -- if you would like to send $15,000 USD each to multiple persons, you will still be off the hook for any gift taxes.
Hi Sandy,

If these expenses are being met via any other income source, 5% TCS is applicable for transactions exceeding the maximum threshold. Furthermore, if the person remitting the amount cannot prove that the money is being sent for educational purposes, the TCS rate will be 20%. can india defeat china in a fullfledged Warcraft us dollars to indian rupees today rate
Any gift received from a blood 'relative' is exempt from Tax ('relative' in this case is defined as spouse, daughter, brother or sister, spouse's brother or sister, parents and lineal ascendants of individual or his spouse, siblings of parents of individual or his spouse)

I am a oci card holder and citizen of usa. I have a joint ownership property with my mother . I brought it using my earned income and my parents live in it . Now I want the property to b in my name . My mom is ready to give me a gift deed . What are the tax implications and am I going in the right direction?
A reliable and well-priced remittance platform, Panda Remit is an excellent option for transferring money to India from the USA, where many other remittance services don't operate or charge high fees. Panda Remit is especially fast, with most transfers arriving in just minutes!
Me and my elder brother have inherited an immovable property in the form of Residential House equally. My brother wants to gift his half share in the property to me as he has become an NRI with permanent sttlement in Australia . His name and passport has also been changed now . He is unable to come to india for this purpose because of health reasons . How I can get the Gift deed executed in Australia and submit in India for the purposes of registration ?
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 is a better option and ehy(
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Learn how to set up a money transfer to India from the USA to send to family, friends or your bank account.","keywords":"send money to india send money internationally"},"hero":{"content":{"headline":{"text":"Send Money to India Quickly"},"paragraph":{"text":"In just a few clicks, your family and friends in India can receive money in a variety of ways, from their bank account or mobile reload."},"primaryCta":{"id":"hero-cta","href":"https://www.paypal.com/myaccount/transfer/fx/fees","hrefTemplate":"https://www.paypal.com/myaccount/transfer/fx/fees{countrySelected}","text":"Send Money Now","data-pa-click":"hero|Send Money Now"}},"config":{"id":"","backgroundImage":{"url":"https://www.paypalobjects.com/digitalassets/c/website/marketing/na/us/send-money-to-india/images/india_hero.jpg"}}},"stickyNav":{"content":{"cta":{"id":"","text":"Send Money Now","href":"https://www.paypal.com/myaccount/transfer/fx/fees","hrefTemplate":"https://www.paypal.com/myaccount/transfer/fx/fees{countrySelected}","fpti":"sticky|Send Money Now"},"links":{}},"config":{"align":"left","id":"","theme":"theme-background-color-white"}},"sendMoney":{"content":{"headline":{"text":"Where is the person you're sending money to?"},"paragraph":{"text":"Search for sending options by country."},"items":[{"content":{"headline":{"text":"Money to a PayPal Wallet "},"paragraph":{"text":"Send money to an existing PayPal account, the recipient can choose how they will withdraw the funds."}}},{"content":{"headline":{"text":"Money for Cash Pickup, Bank Deposit, or Home Delivery"},"paragraph":{"text":"Recipients can get cash in hand or directly to their bank account. 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If your recipient does not have a PayPal account, you can create one quickly and for free.","faq":[{"questionType":"cost","question":"How much does it cost?","answer":"of the amount sent when paying with bank or PayPal balance.","fee":""},{"questionType":"when","question":"When will the funds arrive?","answer":"Money transfers usually within seconds to a PayPal account. Then, 2-4 days for withdrawal to a bank account.","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}}]}}}},{"type":"DEPOSIT","headline":{"text":"Bank Deposit"},"subHeadline":{"text":"powered with Xoom, a PayPal service"},"item":{"config":{"type":"FaqContent"},"content":{"paragraph":{"text":"","disclaimer":"","faq":[{"questionType":"cost","question":"How much does it cost?","answer":""},{"questionType":"when","question":"When will the funds arrive?","answer":"","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}},{"questionType":"partners","question":"Some of our trusted partners","answer":"","partners":[]},{"questionType":"fees","question":"Fees and Exchange rates","answer":"To calculate how much your recipient will get, just enter the amount you'd like to send.","calculator":{"text":"Go to Xoom's Fee Calculator.","url":"","urlTemplate":"https://www.xoom.com/fees-fx-paypal?countryCode={countrySelected}&stop_mobi=yes&paypal=true"}}]}}}},{"type":"PICKUP","headline":{"text":"Cash Pickup"},"subHeadline":{"text":"powered with Xoom, a PayPal service"},"item":{"config":{"type":"FaqContent"},"content":{"paragraph":{"text":"","disclaimer":"","faq":[{"questionType":"cost","question":"How much does it cost?","answer":""},{"questionType":"when","question":"When will the funds arrive?","answer":"","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}},{"questionType":"partners","question":"Some of our trusted partners","answer":"","partners":[]},{"questionType":"fees","question":"Fees and Exchange rates","answer":"To calculate how much your recipient will get, just enter the amount you'd like to send.","calculator":{"text":"Go to Xoom's Fee Calculator.","url":"","urlTemplate":"https://www.xoom.com/fees-fx-paypal?countryCode={countrySelected}&stop_mobi=yes&paypal=true"}}]}}}},{"type":"DELIVERY","headline":{"text":"Home Delivery"},"subHeadline":{"text":"powered with Xoom, a PayPal service"},"item":{"config":{"type":"FaqContent"},"content":{"paragraph":{"text":"","disclaimer":"","faq":[{"questionType":"cost","question":"How much does it cost?","answer":""},{"questionType":"when","question":"When will the funds arrive?","answer":"","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}},{"questionType":"partners","question":"Some of our trusted partners","answer":"","partners":[]},{"questionType":"fees","question":"Fees and Exchange rates","answer":"To calculate how much your recipient will get, just enter the amount you'd like to send.","calculator":{"text":"Go to Xoom's Fee Calculator.","url":"","urlTemplate":"https://www.xoom.com/fees-fx-paypal?countryCode={countrySelected}&stop_mobi=yes&paypal=true"}}]}}}},{"type":"RELOAD","headline":{"text":"Mobile Reload"},"subHeadline":{"text":"powered with Xoom, a PayPal service"},"item":{"config":{"type":"FaqContent"},"content":{"paragraph":{"text":"","disclaimer":"","faq":[{"questionType":"cost","question":"How much does it cost?","answer":""},{"questionType":"when","question":"When will the funds arrive?","answer":"","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}},{"questionType":"partners","question":"Some of our trusted partners","answer":"","partners":[]}]}}}},{"type":"BILL_PAY","headline":{"text":"Bill Payment"},"subHeadline":{"text":"powered with Xoom, a PayPal service"},"item":{"config":{"type":"FaqContent"},"content":{"paragraph":{"text":"","disclaimer":"","faq":[{"questionType":"cost","question":"How much does it cost?","answer":""},{"questionType":"when","question":"When will the funds arrive?","answer":"","hours":{"showIn":"IN","text":"View maintenance schedule.","url":"https://www.xoom.com/plain/page/popup/IndianBankHours?paypal=true&stop_mobi=yes"}},{"questionType":"partners","question":"Some of our trusted partners","answer":"","partners":[]}]}}}}]},"config":{"className":"","id":""}},"fourPanels":{"content":{"headline":{"text":"Choose from a variety of ways to send money"},"subheadline":{"text":"Delivery options will vary by country"},"items":[{"content":{"headline":{"text":"Money to a PayPal Wallet "},"paragraph":{"text":"Send money to an existing PayPal account, the recipient can choose how they will withdraw the funds."},"image":{"src":"https://www.paypalobjects.com/digitalassets/c/website/marketing/na/us/send-money-abroad/wallet.png","alt":"Money to a PayPal Wallet"}}},{"content":{"headline":{"text":"Money for Cash Pickup, Bank Deposit, or Home Delivery"},"paragraph":{"text":"Recipients can get cash in hand or directly to their bank account. They don't need a PayPal account."},"image":{"src":"https://www.paypalobjects.com/digitalassets/c/website/marketing/na/us/send-money-abroad/cashpickup.png","alt":"Money for Cash Pickup, Bank Deposit, or Home Delivery"},"hatchText":{"text":" sending money from india how to earn 100 rupees daily
We make sure that each table displays the most relevant brands to the country you are sending money to and from. We consider many factors when choosing the providers to display in the table. All of the providers we display are fully regulated to provide money transfer services in the jurisdiction you are searching, relevant regulatory authorities are the FCA, ASIC, Fincen, FINTRAC & AMF. Alongside being regulated the services are manually checked by our team for both quality of service and online trust from such platforms like Trustpilot and Google reviews. We base our rankings primarily on the quality of the service provided, the benefit to the consumer and to keep our service free - the commercial agreements we have.
Pay-out Method: Customers opting for the cash pickup or mobile wallet pay-out option, will typically see funds arrive within minutes, albeit for a fee. On the other hand, bank deposits may take up to 2 days to be delivered due to the corresponding banks involved in processing the payment. his comment is here
You'll need a US driver's license, passport or government-issued ID to register online with Western Union®️. When sending money to India, your receiver's account number, IFSC code and the purpose of the transfer are required. We might also ask for additional information about your source of funds and occupation, depending on the amount of money you would like to send, when making a 'large amount' money transfer.
Ria Money Transfer or MoneyGram are specialized companies in sending money abroad. They have an extensive network of offices, which I have used on different occasions, though they are now offering the money transfer service through their Internet website.
The cheapest way to send money to India will depend on the amount and frequency of the money transfer, as well as the sender and recipient. For example, if you both have an account with the same bank, one that operates both in India and in the sender's country, then a bank transfer may be the cheapest. If your bank doesn't operate in India, then you may be better off sending money via an MTO, as bank transfers between non-partnered accounts can result in large fees.
However, if you're sending more than about $700 to someone in India who isn't a blood relative, they'll need to report it on their taxes. No matter how you send the money, your recipient could be on the hook for a gift tax if they aren't a blood relative, as regulated by the Indian Income Tax Act.
Hi, Thank you first. I am a resident Indian. I want to send about Rs.40L to my employed son in U.S. IF I SEND IT THROUGH A BANK TRANSFER WHAT ARE THE IPMLICATIONS LIKE TCS. CAN THAT BE POSSIBLE TO CLAIM BACK WHILE SUBMITTING RETURN AND HOW MUCH BACK.
Call it the next-gen consumption survey. The ongoing government consumption survey is going beyond asking what you eat, what you wear, and what you own; it also wants to know your OTT subscription spend, the time you spend online, how often you shop online, whether you order meals from Zomato or Swiggy, and if you own an electric vehicle.
Finder.com is an independent comparison platform and

We both are Australian citizen, don't file tax in India as we have no income coming from there.We have two plots (one in Jaipur and another one in Gurugram). The aim is to sell these both plots and bring the money to AustraliaJaipur Plot:- Puchased in 2007- Size : 300 sq yards- Purchase price INR 5500 per sq yard- selling price INR 13000 per sq yardGugugram Plot: - Purchase in 2010- Size : 200 sq yards- Purhcase price INR 8000 per sq yard- Selling price INR 40000 per sq yardI am thinking about following options1. Option OneWe sell both plots by power of attorney and pay flat tax of 25% on the capital gain. No indexation , just flat tax rate on the difference between selling amount - purchase amount.2. Option TwoGift both plots to my mother who has no other income in India and wo sell the plot, taking advantage of Indexation and paying comparatively less tax. Plus this will save us hassle of filling income tax return in India and getting money out of country will be easier. Or is there any third option ? I am looking for tax advise, do you know who can help ?
Hi, can you tell what is the difference between money sent to NRI daughter or son by India Resident father through banking channel under the category of "maintenance" versus "gift". Does these two options mean same?
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.
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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.