Receiving bank transfer payment from poland (europe) to india ?

Hi,

I recently asked in another thread about receiving money from pakistan to india but after reading comments on dp forums i decided not to receive payment from pakistan in india.

Now my question is :

If sender sends payment of $30,000 to $100,000 from poland(europe) to india through bank transfer does indian receiver needs to pay any taxes or sender pays the tax ?

Please reply with 100% technical knowledge that you are sure.

Thanks.

 

Remember one thing U cant receive wire more than 2500$ in a single transaction .
U need to update your pan card in your bank .
Bank may ask you the reason for payment
u have to submit declaration.

and yes u have to pay tax for this income .

 

but i heard only sender needs to pay tax from europe and receiver (indian) doesnt need to pay taxes regardless of any amount receive.

also how can i save tax ? any ideas ?

 

That's correct, the sender would need to bear the tax and I suppose you receiving that amount would be non-taxable. But, I'd still suggest you to get that confirmed from your solicitor and the Bank authorities to avoid any hassles.

 

wrong news u have.

 

how much tax i would need to pay for $100,000 receiving in india if i am charged tax ? because i am selling website and the sender said i will not have to pay taxes in india.

 

tax will calculate by Income tax lawyer .
Contact them they will assist you

 

i dont know where to contact, common if someone can get information for this post then please post it as it will help other users of DP.

 

I think, it will be taxed, I suggest you to consult tax consultant regarding this,he will be able to give you proper information.

 

can you tell me on 100,000 USD how much indian government will deduct tax ? 30% of it ? or 40% of it ?

 

can you tell me on 100,000 USD how much indian government will deduct tax ? 30% of it ? or 40% of it ?