Is it legal for an Indian resident to transact at BullionVault? Are there any tax implications? While BullionVault allows deposits from international banks, it only does so in dollars, pounds or euros. Do I need to have a dollar account in my Indian bank for this purpose?


Since the question has remained unanswered, I'm adding some information I have since found by way of a partial answer. It looks like you don't need a foreign currency account for this purpose. Banks allow wire transfer in foreign currency for specified purposes. http://www.icicibank.com/Personal-Banking/account-deposit/Outward-Remittance/faqs.html#12

protected by Ganesh Sittampalam Dec 25 '16 at 11:59

Thank you for your interest in this question. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).

Would you like to answer one of these unanswered questions instead?

Not the answer you're looking for? Browse other questions tagged or ask your own question.