There is manager in one of the bank outside india. One of the account with some money deposited in it. The account owner is expired before 10 years & there is no next of keen. Bank manager wants to represent me as next of kin with all legal process. Amount is arround $200000. This amount is transferred to my account in india. I need to transfer 50% amount to manager from this money & 5% as expenses. Remaining 5% will be mine. My queries in case manager can trusted 1. Is this transaction is legal? 2. There will not be any voilation of laws in india? 3. What type of tax is applicable? 4. How much tax & what is amount on which tax is applicable?
01 March 2015
First of all it is an illegal transaction. Please avoid it else you will land in problem. Those person(pose as manager) take some money from you and no money will come to you, they are only cheaters.
02 March 2015
I am not going to give single money to him. Only i want to clarify that what type of tax & how much tax & on how much amount is applicable if i get money in my account if transaction is legal.
02 March 2015
I am not going to give single money to him. Only i want to clarify that what type of tax & how much tax & on how much amount is applicable if i get money in my account if transaction is legal.
05 March 2015
I am not going to give single money to him. Only i want to clarify that what type of tax & how much tax & on how much amount is applicable if i get money in my account if transaction is legal.
CAclubindia
