tax law and practice case study for cs exam june 2016
Fundsfrom NRI Spouse
I am an Indian and a NRI and my wifeis a US citizen.
My wife want to send me funds to mybank account in India to buy a residential property in India.
According to the law is there anylimit on amount of funds for inward remittance to India?
As far as the Income Tax law isconcerned there is no limit for gift from spouse.