TRANSFER OF $$ FROM INDIA TO CANADA

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guy77
Member since: Nov 08

Posts: 1
Location:
Post ID: #PID

Posted on: 09-11-08 03:38:13

My father just sold some land in India.He is planning to send me about $200000 as Gift.Do I have to pay tax on that?And also how can he send the money to me the fastest and cheapest way.Thank you

JRF
Member since: Jul 04

Posts: 1853
Location: GTA, Ontario
Post ID: #PID

Posted on: 09-11-08 09:39:23

Quote:
Originally posted by guy77

My father just sold some land in India.He is planning to send me about $200000 as Gift.Do I have to pay tax on that?And also how can he send the money to me the fastest and cheapest way.Thank you

Pls check this thread.. http://canadiandesi.com/read.php?TID=17812 this has all the details you need.

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