Amount Send From America Brother to Indian brother


Libissa (Accountant)     17 October 2019

Libissa
Accountant 
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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 

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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

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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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