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
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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.