I am an Indian Citizen. My daughter is working in USA ON L1 Visa. She is in the process of purchasing a House in USA (CA). Since she is running short of money I wish to Gift her Rs 3,000,000, roughly about 45,000 USD to enable her to go for a better house. My money is all tax paid. I will follow legal means to transfer the amount by easiest, cheapest and fastest means. Please advise the best means.
Will my daughter or I be liable for any tax on the transacted amount?