I work in Saudi Arabia,
I took a loan here, nearly 10 lakhs Indian Rupees (1,000,000 Indian Rupees).
My questions are:
How to send the full loan amount from Saudi Arabia (money exchange), because I have a money transfer limit?
If I sent to India, what about tax and all that in India?
If it is possible to send the money, to whom do I have to send it (my account, or my parents account)
Any documents I have to show for tax issues (in case tax)
I have savings account my self in Axis Bank, for the past 3 years I am paying taxes, if I send to my Axis Bank account how can I withdraw the full amount (10 lakhs (1,000,000)) on single day
Withdrawal is possible by cash or cheque