If iam the next heir of a property of 10 crores belonging to my uncle of other country. Can I get that huge sum of money directly transferred to my account ? any legal obligations from Indian government ? Do i need to inform the bank earlier about this before the money comes ? Will there be any problem with law for such money transfer ??
Iam the rightful heir and have no problem in getting the money from my uncle's country, in to my account. but will I have to face any problems when suddenly crores of rupees flood into my account ? Is it true that local police are informed about any huge money transfer ? if so, does my issue has anything illegal or am I going to face any adverse effects ? What is the right procedure and what precautions Iam supposed to take in this situation?
I want serious answers with advice and help in this matter. Anyone with knowledge of huge financial dealings or any bank employees of india, can please help me !! Your help would be greatly appreciated.
2006-09-11 03:20:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
There would be no problem if you are rightful heir to that movable property. Any bank in India would welcome you to deposit that sort of huge sum, no doubt. You might face problem from the country where the money comes out. If you can clear legal and tax formalities, no hurdle comes in your way.
2006-09-11 04:13:43 · answer #1 · answered by SRIRANGAM G 4 · 0⤊ 0⤋
yes u can..
but that is a huge amt and u'll be subject to a high level of strict scrutiny as to how u got that sum of money, and possibly even some tax on it..
2006-09-11 03:28:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
they opt to be certain your financial company and mark downs debts because of the fact they only ought to pay JSA in case you have decrease than £sixteen,000 in 'mark downs' (and JSA is 'decreased' in case you have over £8,000). in case you refuse to instruct them, they are going to assume you're hiding money OR hiding standard earnings (which factors to you having a job) and stop your JSA .. they do no longer care what you spend the JSA on = this is meant to be for 'residing expenses' & that must be very almost something ..
2016-12-18 08:28:06 · answer #3 · answered by ? 4 · 0⤊ 0⤋
yes u can
2006-09-11 21:11:42 · answer #4 · answered by rajan naidu 7 · 0⤊ 0⤋