Money transfer
This query is : Resolved
13 September 2012
Hello,
My brother is in Australia and he transfers money to his saving a/c here inindia every now and then. So, is there any limit (yearly) on money transfer from abroad? Is there any taxes on that money?
KIndly help
Thank you
circlezee
My brother is in Australia and he transfers money to his saving a/c here inindia every now and then. So, is there any limit (yearly) on money transfer from abroad? Is there any taxes on that money?
KIndly help
Thank you
circlezee
13 September 2012
No limit as such. (So long as he is able to produce, in case of need, the SOURCE)
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