I am currently in Australia and wish to transfer money from my resident bank account to Australia bank account. My father can send me upto $100,000 usd as that's the limit. For this I need to transfer money from my resident account to my father's account in India. Will my father would have to face any sort of tax implications for this.
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Transfer money abroad
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HI ,, JATIN ,
AS PER MY KNOWLEDGE YOUR FATHER NEED NOT TO FACE ANY TYPE OF TAX IMPLICATION DURING THE WHOLE PROCESS OF TRANSFER OF MONEY...BCOS TRANSFER OF MONEY IS NOT A INCOME IT IS MERE A RECEIPT
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