pk
Level 15
Level 15

Deductions & credits

@Gemani , not knowing which country you are sending monies to  and assuming that  you are wiring the monies  to a bank account owned / operated by your parent, I do not understand the  issue here.  Personally , I would declare ( as far as I know the only time this required  by the  transmission entity because of KYC -- Know Your Customer--- requirements ) what it really is for.  There is no  requirement  nor advantage  in declaring  that this  transfer  is a gift .

Please consider  just keeping it simple and true.

 Is there more one of us can for you ?