Sending money from India to UK
Posted: Mon May 28, 2012 10:16 am
Hi,
I plan to invest some money in India via an NRO/NRE account. However, I am very confused about what are the laws governing the repatriation of such money to UK. As this is money has already been taxed in UK, will there be any further taxes when I move it back? Any information or direction to where this can be answered better is welcome.
Thanks
I plan to invest some money in India via an NRO/NRE account. However, I am very confused about what are the laws governing the repatriation of such money to UK. As this is money has already been taxed in UK, will there be any further taxes when I move it back? Any information or direction to where this can be answered better is welcome.
Thanks