Grandparent of NRI daughter: Paying US university fees & gifting money - How to avoid tax?

Hope your team is safe and well. It's wonderful that you all are providing not only news but beneficial interface to the Rediff audience with experts from different facets of life. I have some queries for Mr Anil. 1. I understand that any remittance, including tuition fees payments, to foreign countries from India should be within Rs 7 lakh and once it crosses this limit, then the excess amount will be taxed at 5 per cent as TCS. Am I right? 2. Also, I understand if the same tuition fee is paid from a student loan taken, then it will be taxed at 0.5 per cent as TCS. Am I right? 3. Finally, can each earning and income tax paying parent pay half of the international university fees for their child from their individual accounts, so that both stay within Rs 7 lakhs limit of foreign remittance allowed tax free? Hope you can guide us and help. This will be really useful for us to plan. Thank you in advance for your help.

Hi , I am 62 yrs old and paying for tuition fee to University in USA and for payment transfer thru bank TCS amount is also be charged . How to avail rebate of education fee and TCS amount . What is the limit for education fee to avail the rebate . what about money being transferred for the living expenses and again TCS being charged by Bank . Pl advise as application to claim the rebate .

My daughter is a US citizen and has an nri and NRE account. She has some money in the nri acccount which I wish to transfer to her in the US. Please guide me of the process and taxes , if any, in India and the US. Thank you

I am a sr citizen. I would like to know what is legal procedure to transfer money to my grand daughters name so that I don't have to pay sort of income tax.