my daughter wants to send 100000INR from australia{ 2000 aus$ to India. as she wishes to spend the same during her visit in december. I am a regular t...

Prev Next

my daughter wants to send 100000INR from australia{ 2000 aus$ to India. as she wishes to spend the same during her visit in december. I am a regular tax payer. What are the tax implications in india

All NRI’s are advised to have an NRE account for the purpose of sending money to India from income earned abroad. NRE accounts are non-taxable and come with great benefits for NRI's including a debit/credit card. Your daughter can transfer funds to her NRE account and use it to spend the money during her visit. To learn more about NRE accounts, please refer to the articles below:

https://www.compareremit.com/money-transfer-guide/difference-between-nre-and-nro-account/

https://www.compareremit.com/money-transfer-guide/repatriating-money-from-nre-nro-accounts/

Money Transfer FAQ's

Most Viewed Q&A

What is the Indian customs limit on the amount of cash that I can carry from USA to India?

Import: Currency Regulations in India Local Currency (INR) - Any person resident in India, who had gone out of India on a temporary visit, may bring into India at the time of his return fro…

How much US dollars can I carry when traveling from India to USA. What is the legal limit to ca…

The legal limit to carry cash currency in US Dollars from India to USA is USD 3000 per person per trip. However, you can carry up to US $10,000 in form of currency notes, Travelers check, etc. wi…

What is limit to sending money to India?

There is absolutely no limit of sending money to India, provided you pay the required taxes. No limit on daily and monthly transaction. only money sending have limit for sending amount for indivi…

Download the CompareRemit App

Personalize your CompareRemit experience with your preferred corridor and receive target exchange rate notifications, seamless transitions to partner apps, and real-time comparisons of top remittance providers at your fingertips.

LEARN MORE

Some of the top global brands are collaborating with us to showcase their services to millions of active international users. Let us know how we can help.

Download Our Free App

Try our faster, enhanced mobile app for a better experience

CompareRemit App

View in App

Continue in Browser

my daughter wants to send 100000INR from australia{ 2000 aus$ to India. as she wishes to spend the same during her visit in december. I am a regular tax payer. What are the tax implications in india

Most Viewed Q&A

Related Articles

Get Listed or Advertise