A INR son want to transfer a cheque as gift to his father in india from australia can he??
Is there any restrictions uder fema or any other act???
please soon reply....
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Replies (3)
remittances to country from abroad are not taxable
money earned in foreign and remitted to India is not taxable
simple.... Open an NRE account online.. and transfer the amount....
Ask his parents to withdraw the amount.. Nthg is taxable...
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