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Getting INR from India to USA

Konebhar6

By Konebhar6
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Spartan PRODUCER

Spartan

Posted
Posted
12 hours ago, rushmore said:

Thanks for clarifying! Can you further elaborate with these two scenarios as example?

scenario 1:

An Indian resident sending money from his personal account to abroad for purposes other than education & medicine, should he pay TCS? If sending for education or medicine, how should one prove that it's being sent for intended purposes?!

scenario 2:

If an Indian resident got money in his personal account say Rs 8,30,000($10,000) sent from the US.

Can he/she send that money back to the US to a different person without having to pay TCS?

scenario 2 lo tax kattali

scenario 1 lo you will get the fee reciepts right

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Posted
Posted
52 minutes ago, Spartan said:

scenario 2 lo tax kattali

scenario 1 lo you will get the fee reciepts right

Yes! but need to see the definition of "medical expenses" in the Indian Income Tax Act. If things such as Physiotherapy are covered or not but related to diagnosing a disease.

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