Thursday, December 8, 2011

Will there be an enquiry if a huge amount of money is transfered from abroad to my indian bank account?

My uncle was deceased in the year 2006 in germany.He was Unmarried Business Man.He don't Have any body otherthan our family.His lawyer contacted me inorder to transfer his bank balance to my bank account.|||Since it is inheritence, the usual inquiry like relation,will etc because your uncle's lawyer has contacted you and will transfer the money.Please keep all correspondence as well as the evelope safely.|||This kinda reads like a scam.|||Yes there will be more enquiry in INDIA and in the Germany . They will ask you to come there and get the orders from the court.|||very true|||Yes.............cut down in parts........|||If it is inheritance, then there is no problem. There is no tax on inheritances.


Read this (about Gift tax; exceptions)


http://mytaxes.in/index.php?topic=19.0

No comments:

Post a Comment