Taxation for money transfer through me

R

rogerhill

Guest
My friend wants to transfer funds urgently to India and there is a daily limit for the funds to be transferred. So he wanted me to transfer the funds as well so that the funds are transferred at the right time (he will transfer the exact amount to my account as well).

I wanted to know about any tax implications for such proxy transfer of funds.

I would appreciate your urgent attention to this query.
 
As far as I know there should be no tax implications. But I am not a tax professional.
 
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