My dear Indian friends,I heard that from 1st July 2012 when we transfer money to India there will be some deductions will be done in our Indias bank account as a tax this is deceided by Indian government,does any body know any more details about it??
Dear Nishant, I have already read these articles earlier but I decided to check with Banks before trusting these rumours. As I said already, Banks conformed that there no such tax. I do understand that this rumour certainly made us worried initially.
Please do not allow to spread this rumour. I checked with Indian Bank and they confirmed that there no such tax imposed. However this tax is on the remmittance fee, which exchange houses are charging to customers (QAR 15). The exchange house now have to pay 12.36% of QAR 15 as tax. If you wish you can check with your respective banks, you will get the same answer. T
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Dear Nishant, I have already read these articles earlier but I decided to check with Banks before trusting these rumours. As I said already, Banks conformed that there no such tax. I do understand that this rumour certainly made us worried initially.
My dear rumour spreader,
pls dont try to pass fake info,you are working in qatar.i think you hold nri status and also have nre banking service.
now tell me from where it declared nri customer need to pay tax???????
pls wake up....
@ssc69177, hope what you are saying is true. but please read the below links what i just found.
http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=333010
http://www.q8india.com/index.php?option=com_content&view=article&id=6077:service-tax-on-inward-remittances-&catid=1:latest-news
Please do not allow to spread this rumour. I checked with Indian Bank and they confirmed that there no such tax imposed. However this tax is on the remmittance fee, which exchange houses are charging to customers (QAR 15). The exchange house now have to pay 12.36% of QAR 15 as tax. If you wish you can check with your respective banks, you will get the same answer. T
i just went thru some sites on google and found this to be true.
if this has its way, its a big loss for people working here in the gulf (specially the low paid laborers).
a great solution for this would be to stop any remittance to India for just 2 days.
@adven. can you explain what u mean???
i guess its an unnecessary comment from you.
You people give chance to hit your legs. Just Shut up your mouths and keep quite Please. Thanks for All.
Hi Panjimgoa / Cherrukan,
what is the source of your information. i dont think any bank will deduct 12.36% service tax for an inward remittence.
its like paying them 12360 rupees for every 1 lakh rupees transferred.
i dont think its possible.
12.36% of the bank' service charge will be deducted from our remittance. It depends on the service charge of the bank.