Never miss a great news story! You should report the absolute value i. Jun 19 18 by Subhash Sivamani. Last updated 3 Jul Many such agents are usually involved in illegal activities like money laundering and distributing counterfeit currencies.
This unregulated black market may offer better exchange rates or waive tax on your forex transactions but the difference in amount saved compared to authorized forex dealers is marginal at best. Tax on forex in really less at just 0. Better not to invite so much trouble to your doorstep for saving a few rupees. How much tax would you have to actually pay on forex transactions up to Rs 25,? Since the minimum taxable value is Rs. How much tax on foreign exchange transactions between Rs.
Jun 19 18 by Subhash Sivamani. Or perhaps it's stating that the price includes the tax. This Site Might Help You. For the best answers, search on this site https: The dollar is tanking, and the euro will be right behind it. It takes ten seconds for Yahoo Answers question to display for me to be able to click on [add your answer] box. You visit these sites: UN plans resolution to drop dollar as world's reserve currency?
If the euro replaces the US dollar as the world's currency, is the US no longer the world's leader? What is the best thing you could buy with a euro, a dollar, yen or whatever the currency in your country is? The Euro is set to take the place of the dollar as the world's primary reserve currency. You should report the absolute value i. You are advised to consider the reduction in tracking efforts against the impact on input tax claims. Casino Tax Clubs and Associations Charities.
Foreign Currency Transactions Accounting for GST when you sell, import or buy in foreign currency and reporting requirements for exchange gains and losses. You may sell goods to your customers and invoice them in a foreign currency e.
Your prescribed accounting period is from Oct to Dec Videos on Common Input Tax Errors.