HAWALA Transactions ...

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J.KARTHICK

J.KARTHICK (Querist)
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23 December 2010 Can anybody explain me what 'Hawala transaction' is and its income tax Act implications ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 December 2010 http://www.managementparadise.com/forums/financial-management-fm/204524-how-does-hawala-work.html

http://www.sendmoneyindia.org/what-is-hawala.php

Please see above links.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 December 2010 Hawala Transectin is an illegal method of remittance across countries...

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CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 December 2010 Also refer >> https://www.caclubindia.com/share_files/tds-rate-chart-fy-2010-11-ay-2011-12--26034.asp >> https://www.caclubindia.com/share_files/files_download.asp?files_id=33659 <<<