Transfer of money from india to united kingdom

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2015 Hi experts
I like to know all formalities and procedure for sending money from India to united kingdom (England)

Facts: A father is sending money from India to his daughter for the purpose of purchasing of house in abroad.Daughter is a non resident Indian.

I like to know maximum amount can be sent, any tax applicable, forms to be submitted.

Thank You

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 July 2015 Under the liberalized remittance scheme USD 2,50,000 per financial year may be remitted to NRI relative. No tax payable. For forms contact your bankers.

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2015 Thank u sir