Legal Question in Investment Law in India
dear sir,
my son is off and on visiting usa /uk on deputation from his I T company where he is getting daily allowance out of which he use to save some money.i wish to know that how much foreign money he can transfer to india through banking system where he will not be taxed or if he incash the available balance and can bring with him i.e. permissible limit so he need not to pay tax in india.and money remains white only
Asked on 6/22/12, 10:22 pm
1 Answer from Attorneys
www.lawconcern.com S.Seshadri
www.lawconcern.com
You must detail the exact amount of salary earned by your son and his living allowance in USA and how much of that he wants to send to you. Based on your answers, advice can be given. contact [email protected]
Answered on 7/04/12, 9:48 pm
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