Please do not allow to spread this rumour. I checked with Indian Bank and they confirmed that there no such tax imposed. However this tax is on the remmittance fee, which exchange houses are charging to customers (QAR 15). The exchange house now have to pay 12.36% of QAR 15 as tax. If you wish you can check with your respective banks, you will get the same answer. T
Please do not allow to spread this rumour. I checked with Indian Bank and they confirmed that there no such tax imposed. However this tax is on the remmittance fee, which exchange houses are charging to customers (QAR 15). The exchange house now have to pay 12.36% of QAR 15 as tax. If you wish you can check with your respective banks, you will get the same answer. T