When i transfered uk currency to india,should i have to pay any taxes?

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(a) no, there no tax liability on fund transfer administrative fee or service fee bank or agent, example, if transfer funds via uae, charge :
£1 £500 - fee of £5 transfer funds india (any bank /city)
501 1000 pounds charge £6.
(b) if transfer funds icici uk bank account india icici bank account not charge fee, exchange rates lower uae -
(c) there few agents in u.k transfer funds india @ no fee not go transfer uk india, either handover money @ address or deposit locally within india account account - called hawala - not safe , "ill-legal" in india, recommend not opt such transactions. better , safe go legal transfer there not tax except may pay fee mentioned above!

when transfered uk currency india,should have pay taxes?


Business & Finance Taxes United Kingdom Next



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