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I have withdraw some funds from 888poeker, i just wants to know is it legal to withdraw funds from moneybookers into my Bank account. I have withdrawn some funds in the past and i received a call from bank they were asking from where i receive the money.
Under FEMA all foreign currency transactions have to be recorded by Banks. Its not illegal but for tax implications consult a CA.
Bank asking me the purpose of the foreign transaction. wat should i say
How much is the amount?
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