Transfer of money from india to united kingdom

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Querist : Anonymous

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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





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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2015 Thank u sir


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