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If someone transfers 1 crore rupees from a bank in california to my bank account in punjab how much tax i have



If someone transfers 1 crore rupees from a bank in california to my bank account in punjab how much tax i have

There will not be any tax , if its from your relatives.Anyway, Gift Tax in India is abolished and anything received under a will ia also EXEMPT from income tax. Go get it !
FIRST OF ALL CHECK , IF IT IS FROM EXPORT PROCEEDS , IF ITS IS FROM EXPORT PROCEEDS THEN THERE IS NOSTRO BANK CHARGES + 3.75%(WITH HOLDING TAX) + EDS CHARGES + BANK CHARGES

IF IT IS NOT FROM EXPORT , THEN THERE WILL BE NOMINAL BANK CHARGES , NO TAXES ON IT ,
PAKISTANI
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