In view of Income Tax what are the tax implications for sending money from USA to India by a son to her mother.
Please also provide monitory limit for the same.
If Son is NRI then he can open NRE (saving ) Account in the Indian bank , one can deposit Income deemed to be earned outside India in this Account ,However you can not deposit Indian rupee in this account ,you only can deposit foreign currency which will be converted in to Indian rupees . The Interest earned on the balance at the end of quarter is free form Income Tax , NRI can send his remittance form abroad .
For all above he must be NRI .For monitory limits and current Income Tax implication you confirm from bank
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