My one friend has arrived at Delhi international airport from London & she wants to deposit Rs redacted lacs in my account but she is detained there & authority is demanding tax from me Till this time they have taken 500000 lacs from me I M INDIAN Please clarifyhow muchtransfer money to india login exchange rate pound to pakistani rupee today
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First we should check whether NRI is relative or not, If he/she is relative then both receiver and giver are exempt from tax in india. What salary should I quote in Singapore dollars SGD if I earn an X amount of Indian rupees INR transfer money to india like
There is no recipient tax on money being transferred from abroad to India when it's being sent to blood relatives. In general, "blood relatives" -- including spouses, children and grandchildren, siblings or in-laws -- don't pay tax on any amount you send.view website
However, if the NRI/OCI is transferring funds from his Indian bank account to his own overseas bank account, he is not making any payment to anybody at all. A payment would mean that the remittance is being made to another person. One cannot pay anything to oneself.