Hi
|
Is there any India tax implication if we convert INR to USD today, make no income on it and convert it back to INR in the future for a higher exchange rate?
Thanks Indira K V |
Hi
|
Is there any India tax implication if we convert INR to USD today, make no income on it and convert it back to INR in the future for a higher exchange rate?
Thanks Indira K V |
GST on currency conversion charges is applicable. Difference in conversion rate of foreign exchange is liable to income tax if it is surplus.
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