My question is about my father in law and mother in law who are Persons of Indian Origin (PIO) and United States of America citizens who want to gift me 30,000 USD from their USA bank accounts to my Indian savings account. They do not have NRO or NRE accounts.
What are the tax implications to them and me? What is the best way to transfer money? Generally what are the percentages cut when transferring money from the USA to India?