Money received in foreign country in foreign bank account
Hi,
1. If I receive money from my father as a gift in Indian in my Indian Bank Account,will it be considered as income and does it need to be reported to IRS as a taxable income?The amount is less than 30k USD.
2. Sometimes I send money to my parents account in India(I do not have signature ownership in those accounts).Is there a restriction in the amount of money I can send every year?
3. I received a personal loan in my bank account in India.Will it be treated as income by IRS?
Please let me know your thoughts.