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The options available to you depend in part on whether you yourself are physically abroad or have plans to be. For example, if you moved to say...Japan to teach English for a year, you could establish residency (not necessarily long-term residency, but residency based on having a working visa sponsored by the Japanese company that hires you). You would ...


Consult with a tax lawyer in your Mother's country familiar with inheriting foreign funds.


I'm not familiar with the law and taxes in India but can provide guidance based on general accounting and tax principles. You are right that receiving money as a loan is not income and isn't liable to income tax. Therefore i suggest you actually formalise this loan through a written contract with your friend. The contract should include all the usual ...

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