send money from US to India in parent's saving a/c

Question

If I send money from US to India in my parent's saving account will I have to pay tax in India?

Answer 1

Assuming you are Non-Resident Indian for tax purposes, this transaction is not taxable. Indian tax law doesn't qualify "gifts" as taxable income.

Answer 2

I wouldn't send it to India in the first place because their financial system is a bit sketchy, I would look into countries like Germany to send the money to you if you're looking to avoid high taxes with a very stable financial system