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
Click here to login now
Similar Resolved Queries
- TDS 194-T applicability
- Tds on commission charges
- Fixe term employment
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Renovation exp. in flat by family member
- Starting trading business
- Need Professional Opinion AY 2012-13 Old Demand
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Quick Links
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
