Pound Rate

Information on the pound and rupee rate

Questions

Will I pay tax on money I send to India?

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Sending money does not by itself settle any tax question. Whether income, gifts, interest or sale proceeds are taxable in the UK, in India or both depends on the nature of the money and on your residence status. HMRC publishes guidance for UK taxpayers, and India's tax authorities publish theirs. For anything substantial, a qualified tax adviser who understands both systems is worth the cost. This site gives general education only and cannot tell you what applies to your situation.¹

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