Hi
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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 |
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Is there any India tax implication if we convert INR to USD today, make no income on it and convert
Replies (1)
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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