USD inward remittance Changes

nikhilchauhan

Administrator
Staff member
IDFC FIRST Bank does not impose any fees for receiving funds from abroad. Goods and Services Tax (GST) will be applied to the total converted amount in Indian Rupees (INR) based on the prevailing tax rates. There are annual limits that apply to the combined sum of international payments made within a financial year through any bank or authorized dealer in India. It's important to note that IDFC FIRST Bank does not levy any charges for transferring funds internationally.
 
IDFC FIRST Bank does not impose any fees for receiving funds from abroad. Goods and Services Tax (GST) will be applied to the total converted amount in Indian Rupees (INR) based on the prevailing tax rates. There are annual limits that apply to the combined sum of international payments made within a financial year through any bank or authorized dealer in India. It's important to note that IDFC FIRST Bank does not levy any charges for transferring funds internationally.
Can you please tell me with the example of 100 USD with no income tax
 
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