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Money india to usa

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By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. I transferred money to my parents as Gift 3 years back, now they will be helping me with some money here in USA. My parents are in India and want to send me some amount here in USA. Also we do not have any certificate from bank, it was just normal transfer when I sent amounts US to India. From India Tax Point of view, your parents can Gift you the money. There is no tax due to this in India for your parents or for you.
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Send money to India from USA

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How to Exchange Money for India | USA Today

Have you recently inherited property in India and are looking for ways to bring this inherited money back to USA? Taxation can be a really complex issue, especially if it involves two different countries. It is, therefore, important to know the tax laws of both countries, before you can plan to bring the inherited money from India to the United States. Most people worry about the amount of money they will have to give away as tax on their inherited property. However, India does not charge taxes on inheritance property itself. Tax is levied only when income is generated from the inherited property and this income generation can include interest, capital gains, dividend, rental income or financial assets earned from the sale of the inherited property, says an article on The Time of India.
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Product Currency Notes Forex Card. Amount Please enter valid amount without decimals. Send money from India to USA the easy way! Get instant quotes from RBI authorized exchange houses and banks next to you. Guaranteed savings on every transaction!
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