Accident claim money, rules, taxes and limitations

Personal Finance & Money Asked by Ankita Rajkumar Singh on June 4, 2021

F1 student, OPT from July 2020. I had an accident where I was hit by a car (I was pedestrian). I filed a claim through my lawyer and received money from the car driver’s insurance company (around 60K).

Is it okay to transfer this money to my home country India, to my family? Any taxes, limitations, rules involved?

gift tax india international transfer taxes united states

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