If I transfer $6000 to my indian bank ac from paypal, will paypal or bank ask any doc

Discussion in 'PayPal' started by linkstrade, Mar 22, 2010.

0
  1. #1
    Hi frens,

    As my thread title telling that I want to transfer $6000 at a time to my indian bank ac from paypal so will paypal or bank ask any documents or they will restrict this large amount transaction??
     
    linkstrade, Mar 22, 2010 IP
  2. Rohit patel

    Rohit patel Prominent Member

    Messages:
    15,770
    Likes Received:
    735
    Best Answers:
    0
    Trophy Points:
    310
    #2
    No they wouldn't ask anything, Bank ask documents if deposit done in US $ but since we got money in INR from PayPal they wouldn't ask any documents.:)
     
    Rohit patel, Mar 22, 2010 IP
  3. psharma

    psharma Prominent Member

    Messages:
    1,955
    Likes Received:
    85
    Best Answers:
    4
    Trophy Points:
    345
    #3
    Agree. and I assume you your paypal account is verified with PAN details submitted.
     
    psharma, Mar 22, 2010 IP
  4. linkstrade

    linkstrade Active Member

    Messages:
    434
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    65
    #4
    yes my ac is verified by credit card and also submitted the pan card.

     
    linkstrade, Mar 22, 2010 IP
  5. fancymouj

    fancymouj Peon

    Messages:
    5,019
    Likes Received:
    134
    Best Answers:
    0
    Trophy Points:
    0
    #5
    Then no need to worry more .. go ahead ,, and inform us when you got it .. lol
     
    fancymouj, Mar 22, 2010 IP
  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

    Messages:
    25,482
    Likes Received:
    1,943
    Best Answers:
    32
    Trophy Points:
    480
    #6
    If you are going to show this income in your IT Return then there is no need to worry at all.

    DON.
     
    deluxdon, Mar 22, 2010 IP
  7. Jalpari

    Jalpari Notable Member

    Messages:
    5,640
    Likes Received:
    137
    Best Answers:
    0
    Trophy Points:
    260
    #7
    What sort of documents do they ask for us pp ac?
     
    Jalpari, Mar 22, 2010 IP
  8. seogoogle

    seogoogle Well-Known Member

    Messages:
    1,258
    Likes Received:
    15
    Best Answers:
    0
    Trophy Points:
    195
    #8
    NO they didn't ask about PayPal as Most of bank's don't know about PayPal if you are paying Tax you have no worry.

    In case if they ask you can say I am doing business and that my income transferred that's it :)
     
    seogoogle, Mar 23, 2010 IP
  9. sweatlana

    sweatlana Well-Known Member

    Messages:
    2,086
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    180
    #9
    Yes you dont need to do worry about and please go ahead.
     
    sweatlana, Mar 23, 2010 IP
  10. unna

    unna Well-Known Member

    Messages:
    3,274
    Likes Received:
    43
    Best Answers:
    0
    Trophy Points:
    140
    #10
    Yes buddy...no need to worry...
    just hit a shot of $6000 in your Paypal account.
     
    unna, Mar 23, 2010 IP