View Full Version : Foreigh money transfer.
anilkale
Jan 16, 2011, 12:13 AM
I am from india. My one of friends who ls sudan citizen. Also its fund in uk london bank. He wants to transfer the money to my bank account in india. He wants myself will become the trusti or representative of money. Should I pay tax to goverement? or is this amount is taxable ? Pl guide me.
Wondergirl
Jan 16, 2011, 12:21 AM
The is a real-life friend or someone you met and became friends with on the Internet? (It makes a difference.)
joypulv
Jan 16, 2011, 05:05 AM
Sudan is in terrible crisis. Your bank can tell you how you will be taxed and you pay them out of his funds. Make sure he understands. He probably does.
What is puzzling though is why he wants to do this. London is where many people and governments feel safe putting money. If some regime in Sudan is planning to take his money from London, they might try to get to it from an account you are trustee of. But as a real friend, not someone you met online, I would take the risk.
Whether this is legit money or not... that is for you to decide.
Fr_Chuck
Jan 16, 2011, 08:28 AM
I am feeling red flags here,
How do you know this person ?
Why are they transferring the funds ?