Amount Send From America Brother to Indian brother

Libissa (Accountant)     17 October 2019

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My Brother ( Blood Relation ) is staying in America and Have green Card i am asking a loan of Rs. 25,00,000/- he was ready to send the amount what are all the procedure here to receive the money in india and tax to be pay by me 


Kapadia Pravin   17 October 2019

Kapadia Pravin

 607 likes  9631 points

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No income tax on such receipts. Do not worry.
You have to check for RBI/Bank compliances


dipak desai   19 October 2019

dipak desai

 4 points

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Dont bother you can received by tranfer in your account dirct from your brother account no need any permission

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