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Transfer of funds

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(Querist)
15 December 2008 I am NRI holdng Indian citizenship and having Indian Passport residing & serving in UK since last7 Years. I am also Filing my I.Tax Return in UK . Now I want to transfer funds on regular basis to my parents in India . I have NRE Account .

Pl guide me in the matter regarding tax liability for the transfer of such funds into india and also whether any limit on the amount of transfer
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
15 December 2008 This income was already taxed in India so it will not be taxable again in India. You are a citizen of India but not a RESIDENT as per Income tax act.

I am also dealing with UK personal tax return. If you want any assistance you can email me on ca.tilakrajsharma@yahoo.com. I can also prepare and submit your UK income tax return.
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