0

This question already has an answer here:

Please, I would like to transfer a bulk amount from my NRE account to my parents account, For Taxation purposes,Do they need to pay only for interest accrued thereof or for the entire lumpsum amount received as income?

marked as duplicate by Dilip Sarwate, Bob Baerker, Pete B., Dheer, NL - Apologize to Monica Sep 6 '18 at 14:16

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

0

You can transfer unlimited amount from your NRE account to your parents account. From Indian tax point of view, this would be treated as gift. There is no tax implication in India for you or your parents.

Any further income generated by this will be taxable to your parents.

You have not mentioned your tax residence. In some jurisdiction, for example US this would be taxable to you, if you transfer more than X dollars as gift

Not the answer you're looking for? Browse other questions tagged or ask your own question.