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For sending remittance from UAE self bank account to India self bank account for investment purpose ( say FD or mutual funds etc.) is there any limit of amount per remittance or per year which can be sent . Remittances are sent through bank channels only.
Business holidays and weekends: Bank holidays tend to delay wire transfers. Different countries have different bank holidays. This, in addition to weekends, can delay the time it takes for a wire transfer. The number of intermediary banks or currency conversions may also influence the speed of a wire transfer. Hence, when you wonder how long does a wire transfer take, consider pre-planning as a part of the response.
However, if the money has been sent by someone who is not your close relative, then up to Rs. 50,000 the money is considered as a tax-free gift. If the money received in your account is above Rs. 50,000, then you'd have to add the excess amount to your income and pay income tax. exchange rate rupees to euros 2 currencies exchanges inr normal range

Dear Sanjay,

If the mother makes a registered will and she does not change it then NRI gets the property. Nri can purchase but in the future on the demise of the mother legal heirs can claim an equal share, as per Shariah law your mother cannot execute an entire property through will so better execute a relinquishment deed. 30000 US dollars in Indian rupees how much is 25 million dollars in indian rupees


_{Furthermore, you'll want to select a transparent provider, since hidden fees are the most common way money transfer companies cheat you out of your money. To assess whether there are any hidden fees, be sure to read over the Terms and Conditions before using a money transfer provider for the first time.}
According to the Reserve Bank of India (RBI) guidelines, an Indian resident can gift up to USD 250,000 per financial year to an NRI spouse who is an Indian citizen or of Indian origin. This gift can be made in any form, including by way of a bank transfer to your wife's account in India.
If you earned over $12,950 in 2022, or over $25,900 as a married couple filing jointly, you'll need to file an IRS Form 1040 tax return. If you're self-employed and you earned over $400 dollars you'll also need to file a tax return, and if you're a US person married to a non-US person or vice versa the minimum amount you have to earn before filing Form 1040 is $5.
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For instance, although you could send a personal check through the United States Post Office's First Class Mail International Service, deliveries generally take 7-21 days to arrive-and even that timeframe isn't guaranteed. Rather than go that route, it's a better idea to look for a service that offers a faster delivery time.}
My mom wants to send me gift (cash) to buy a house for myself here in Canada. In india, she will have to pay a gift tax because of the amount of money she is sending me. To avoid this gift tax, i was wondering if I can do the following: 1 - Open NRI account 2 - My Mom deposits the cash in my new NRI account 3 - I withdraw the deposited amount in Canada. My questions is - Is this a good idea? Will I still have to pay tax in Canada? Any other issues with this idea? If you could help answer this that would be AWESOME! Thannk you so much! instant money transfer to india from usa scam usd to inr rate


Hello, great blog here! I am an NRI holding NRI and NRO bank accounts in India. My father who is a resident Indian sold one of his properties and wants to gift the proceeds to me. I prefer the money is in NRE, rather than my NRO account. Can this money be received in my NRE bank account? If he transfers the money to me via a cheque/transfer, would that money be repatriable? 2695 dollar rupees rupees to phil peso


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Your guidance in the matter shall help me in doing the needful

Choose cash pickup and your money is typically available in minutes at convenient locations throughout India. Send bank deposits typically in minutes to HDFC, Axis Bank, Yes Bank, Punjab National Bank (PNB), ICICI Bank, State Bank of India (SBI), and most major banks in India when sending up to 5 lakh. Deposits above 5 lakh typically arrive within 2 hours to most major banks in India, 24 hours, 7 days a week.++

To send money abroad, you will need a Passport, PAN card, outward remittance form, bank statements, supporting documents for the remittance (tickets, invoices, etc.) and Form A2. Moreover, you also need to agree to the anti-money laundering and KYC guidelines. which dollars to rupees conversion transfer money to india with west


The rules or limits for sending money to India will depend on where you are sending money from. Be sure to check how much you can send from your country to India via your chosen method before you have to report it to the relevant financial authorities.
Get a quote: Click here to find out the cost to transfer money to India with Xoom. funds INR 0 currencies exchange inr usd


If you prefer to transfer money online, Wise is the easiest way to do it. It's incredibly simple to set up an account or make a transfer using their app. They also have the best exchange rates, because they offer the same market rate you see on XE or Google and don't add any hidden exchange rate mark ups.
^{WorldRemit also earns high marks for its convenience. The company not only offers multiple options for funding a transfer (debit, credit, prepaid cards, Apple Pay, and bank transfer), but it also allows recipients to receive money in a number of different ways, including bank transfer, cash pickup, mobile money, AirTime top up, and Alipay.}
Investors who have transferred funds under LRS can reinvest the income generated from their investments without any obligation to repatriate it. Nonetheless, any unused foreign exchange received or realized must be repatriated and surrendered to an authorized person within 180 days from the date of receipt, purchase, acquisition, or return to India, if not reinvested.
_{There is no recipient tax on money being transferred from abroad to India when it's being sent to blood relatives. In general, "blood relatives" -- including spouses, children and grandchildren, siblings or in-laws -- don't pay tax on any amount you send.} best ways to transfer money to india online currency for india rupee


If your brother residing in UAE sends money to you in India, the money is not taxable in India. As per the Indian Income Tax Act, money received as a gift from a relative is not considered as income and therefore is not taxable. A relative is defined as spouse, brother, sister, brother or sister of the spouse, brother or sister of either of the parents, any lineal ascendant or descendant. However, it's worth noting that your brother might be subject to taxes in the UAE for sending money out of the country. It's recommended to check with a tax professional in the UAE to understand the tax implications for your brother.