Sunday, November 28, 2021

Money & relationships: What are the tax implications if my daughter sends me money from abroad?

Is it legally tenable to send them money from a foreign country? More importantly, will you or they have to bear any kind of financial burden in the form of tax? Here are the rules and tax regulations governing remittances from family members who are staying abroad.

from Tax-Wealth-Economic Times https://ift.tt/3rioBUY

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