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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Amount Send From America Brother to Indian brother
Replies (2)
No income tax on such receipts. Do not worry.
You have to check for RBI/Bank compliances
You have to check for RBI/Bank compliances
Dont bother you can received by tranfer in your account dirct from your brother account no need any permission
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