Ram (retired officer) 22 February 2012
my son from US wants to send money to his mother in india who is a house holder.
she wants to purchase property here.
is the amt to b sent by her son taxable? for mother here in india and son in US?
is there any limit of amt , a son can send to her mother as a gift?
Vineet (Director) 22 February 2012
no tax no limit. enjoy the good deeds of your son.
Please keep a record of all remittances made by your son to his mother's bank account as the same may be required to explain the source of newly purchased property.
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