bhavesh Vasoya (CA) (36 Points)
26 December 2012can anybody guide me on the following matter:
My friend from australiay want to tranfer money to india.
Can he directly gift the amount to his father who is living in india or any other way for tranfer of monery form australiay to india.
Please guide us.
kavitha
(studying final)
(830 Points)
Replied 26 December 2012
as the income is already taxable in australia , it will not be taxable in india.
to transfer money if u have NRI account in australia as par as i know there will be no charges( in case of ICICI bank).
u can use western union ( it is expensive), wire tranfer ( fast), remit to india( time group service cheap n easy) options if u dont have NRI Account in Australia
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 27 December 2012
| Originally posted by : bhavesh Vasoya | ||
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can anybody guide me on the following matter: My friend from australiay want to tranfer money to india. Can he directly gift the amount to his father who is living in india or any other way for tranfer of monery form australiay to india. Please guide us. |
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it won't be taxable in INDIA .
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