I am a student in the United States and I have taken an education loan back in India. My parents sent me money taken from the education loan for my tuition fees and expenses which I don't need now.
- Can I send the money back to the personal account of my mother/father in India?
- Do I need to pay any tax here in the US or would my parents back in India?
- Is there any limit for me to transfer the money as I am still a student here?