What is the tax implication if receiving a foreign remittance from a relative to an individual account.
Is there any limit to such remittance?
Does the purpose needs to be disclosed?
Can it be done via gift deed?
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Foreign remittance inward
Replies (2)
First point from which account??
second point from which account??
second point from which account??
Both accounts are personal.
Person sending is a citizen of the foreign country and receiver is a citizen of the domestic country.
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