My Uncle have got some balance dollars, which he had exchanged at Airport while travelling to USA 3 years back. Now he wants to convert those balance dollars into INR. The money changer is quoting 3 different rates:- 1) Exchange with old currency notes 2) Exchange by Cheque 3) Exchange by new currency notes, the highest quote being exchange with old currency notes. If he converts in old currency notes will he get taxed as per new government regulations????
Menu
Urgent query
Replies (1)
2) Exchange by Cheque
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
