Fund transfer from abroad
Querist : Anonymous
My nephew is working in Canada. He wants to transfer money to his mother in India. What is the correct way to do the same out of below options;
1.Transfer directly to her savings account held in India
2.Transfer directly to their joint savings account held in India
3.Transfer to his NRE then NRO account and then to her savings account
Also I want to know if there are any Incometax implications for both in this case.
My nephew is outside India since August 2014
Querist : Anonymous
Thanks for your reply.....
-regards
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