Greeting Sir,
I had started to in War zone from 2009. From then I had started to save small amount in SBI saving A/C & now have approx. have 7.5L in A/C. I am planning to quit the job to settle in India. But due to the present situation in India I am in state of panic & confusion. I news & other site it has been published that from Bank it is difficult to draw amount.
Please clarify below quires:
- Do I need to show any proof to Bank or some other govt. officials where I got this money?
- What type of documents required (from the company that I had worked for) ?
- Do I need to pay tax for the amount I had saved in Bank?
- If I have to purchase any Asset (land, apartment, etc.) what document required during that time to prove that amount I had in Bank was earned outside India.
- Necessary step to be taken in order not to pay tax.
Thank you,