Best Debit Card in the World? & Why?

[theglobalinvestor]

So if I transfer 25k$ just for this and then transfer it back, is there any tax implications such as TCS or is it ONLY Swift fee the net cost incurred? If so, whats the estimate Swift fee for 25k$? Do we have to pay fee for both inward and outward remittance?

20% TCS upfront.

 

[theglobalinvestor]

I am just wondering whether banks (nowadays) will share the outward remittance details of 25K USD with RBI/ITD. If so, what would be the impact of that move or information.

Remember, we are getting ITD notices if we spend over 10L INR per CC in a FY. All along money is WITHIN INDIA.

Whereas, here, we are talking about moving 25K USD FUNDS OUT OF INDIA amounting to Approx 21L INR.

Take professional help or guidance before attempting this in the process of saving only a few dollar bank charges.

Be cautious n safe than being sorry later.

Yes. All A2 details are reported and uploaded to TRACES. For all remittances regardless of amount.

 

[moneyMaker]

20% TCS upfront.

then 20% TDS as well?

refund in april 🫡.