Tranfer $70000 a week to India
Posted: Fri Sep 14, 2012 6:30 pm
Hi,
I am earning $70000 a week from online business in USA. I earn 15 percent profit so around $8400 is what i earn. Rest money i have to transfer to India.
I need to transfer $62,000 to India every week. I want to know if any problems will occur.
And I want to know the legal procedure on how to transfer this payment to India. Should I transfer it to the business owner current account in India or Should I transfer it to my account in India and then transfer it Locally. I need to know how much tax I will have to pay in both the countries.
Also I want to know the taxation which will apply in India.
regards,
Yash
I am earning $70000 a week from online business in USA. I earn 15 percent profit so around $8400 is what i earn. Rest money i have to transfer to India.
I need to transfer $62,000 to India every week. I want to know if any problems will occur.
And I want to know the legal procedure on how to transfer this payment to India. Should I transfer it to the business owner current account in India or Should I transfer it to my account in India and then transfer it Locally. I need to know how much tax I will have to pay in both the countries.
Also I want to know the taxation which will apply in India.
regards,
Yash