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I have INR (Indian Rupees) in my bank account and I wish to convert INR to USD and Send it to my friend who is in america. he is in need of 1 lakh and 20 thousand 1600 USD.how much tax i have to pay for this amount.

I am kind of new to these and If yes, please help me out.

  • There is no tax on conversions or transfers. Tax is typically on income. – Aganju Oct 22 '19 at 23:48
  • @Aganju could the question be about forex / international bank transfer fees? that would make a lot more sense – Alex Robinson Oct 23 '19 at 13:54

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