Many individuals overseas do send money to their parents in India. This money is treated as gift and one need not pay any tax on it, but keep a record of such receipts. 536 more words
Tags » Transfer Money
Pay attention to the hidden charges in money transfer transactions, not just the transaction charges.
There’s nothing simpler than banking in the UAE. Banks in the country have made all their transactions extremely easy for customers, leading to hundreds of people opening new accounts every day, while thousands more use Internet banking and phone banking for all their personal and business needs. 387 more words