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Is the money sent through Samachar Money Transfer taxable for my beneficiary?

April 26, 2017Beneficiary money samachar sent taxable transfer

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Is the money sent through Samachar Money Transfer taxable for my beneficiary?

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No. This money is income earned by you overseas, and you have already paid taxes for it in the US, Canada, UK, Japan, Australia, Singapore or Euroland. Your beneficiary need not pay tax on this money again once it is remitted to India.