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....
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....
Harsha
(Financial Accountant)
(60 Points)
Replied 01 April 2011
money earned in foreign and remitted to India is not taxable
CA Shiv
(Business Controller)
(2987 Points)
Replied 01 April 2011
simple.... Open an NRE account online.. and transfer the amount....
Ask his parents to withdraw the amount.. Nthg is taxable...
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