What is the maximum amount I can transfer to India?
What is the maximum amount I can transfer to India?
There is no limit on sending money from USA to India. But, there is a limit of US $14,000 per person per year for tax free transactions. Any amount sent above US $14,000 per person per year, the sender is responsible for paying the taxes.
How much money can you transfer without being reported in India?
You can send up to $10,000 to India without reporting to IRS. However, under the Bank Secrecy Act, your bank will provide information on certain transactions over US$10,000 to IRS and report them as "suspicious transactions" to the US Government.
Is there a limit on sending money from UK to India?
There's no limit on how much money you can send to India from the United Kingdom.Feb 1, 2019