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

Add your own answers!

Ask a Question

Get help from others!

Recent Questions

How can I transform graph image into a tikzpicture LaTeX code?
How Do I Get The Ifruit App Off Of Gta 5 / Grand Theft Auto 5
Iv’e designed a space elevator using a series of lasers. do you know anybody i could submit the designs too that could manufacture the concept and put it to use
Need help finding a book. Female OP protagonist, magic
Why is the WWF pending games (“Your turn”) area replaced w/ a column of “Bonus & Reward”gift boxes?

Recent Answers

Peter Machado on Why fry rice before boiling?
haakon.io on Why fry rice before boiling?
Jon Church on Why fry rice before boiling?
Lex on Does Google Analytics track 404 page responses as valid page views?
Joshua Engel on Why fry rice before boiling?