How much is limitation on wire transfer USD amount at savings bank account. I heard more than 2 Lakhs INR gets reported RBI. Is there TDS applicable. Nature of money is not NRI/NRO income from software services.
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Income from outside to india
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Inward tranfer of money of Rs. 1 lakh and above will be reported to RBI. Money received from foreign citizen as donation has to be routed through FCRA account. NRI can remit money earned in foreign country to relatives and to his own account.
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