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I am a resident of India, if I send money from USA to India through western union, do I have to pay any taxes?


This money is a gift to me, I have not earned it. Is it ok to send it to some one in India? are there any tax implications?

Its only $50. I was given that on my birthday.

you were given money then want to sent that gift from the US to India via Western Union? Am I correct.

1) how much was the "gift" you received?

2) you can send any amount via western union and not be taxes on the transaction, however you will pay a transaction fee to western union.

Since it is only $50, you can just forget about the taxation on it. You have sent $50 to some one India. You might have sent that amount as a gift or as a loan or for some other work to India. You said that you are a resident Indian (That means you are not NRI). If we treat it as a gift, as a resident Indian, you can gift up to Rs.30,000 without payment of gift tax. If you are an NRI, then no gift tax at all (if you send it to your blood relations). For any reason even if the receiver is taxed, they can maximum tax him up to Rs.700. For this small amount you need not worry at all.

If the amount is more, then there are some complications as you status is Resident Indian at USA. I am not discussing about the complications now as the amount is small and no one will bother for this small amount.

no, indian resident can get yearly 50000RS gift from abrod without tax,if the gift reciever is your family member more than 50000 no problem.

Since the gift is a paltry amount, forget about it. Gift to the extent of Rs. 30,000 is exempted.

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