sfunds.2014 (retired) (101 Points)
26 June 2025My Brother in law is US citizen How much can he convert from indian Rupees and take to US in dollors? He has 10 lakh rs in his account earned while he was in India ? What documents he need to submit for conversion? Kindly state the procedure
How much one can take and documents one need to submit
He paid my daughters fees in US for her MS studies can i give it to him in rupee terms without attracting any IT issues
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8403 Points)
Replied 26 June 2025
To convert 10 lakh Indian Rupees (INR) to US Dollars (USD), we'll use the current exchange rate.
Ensure that no additional taxes or implications arise from this transaction.
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