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Hi. I registered for ACCA course a year ago. I study in Karnataka state of India. While i pay any fees; for example, exam fees or subscription fees, they charge me extra. I paid 96 pounds as standard exam fee for F6 – Taxation UK variant. And the exchange rate was 98.6 rupees per pound at that time. Thats around 96*98.6=9465.6 INR. But they added 4 rupees extra to the fees per pound. As exchange rate was 98.6 INR per pound, they charged me 102.6. 98.6+4=102.6. thats around 96*102.6=9849.6 INR. Is this extra charge applicable as tax as they tell me or they charge it illegally?
Firstly, who is “they” ?
ACCA never charges extra and has nothing to do with exchange rate. What they want is “96 pounds”.
Its your bank who has chosen the exchange rate. The bank will always go for a rate in their favor.
Sometimes if you pay through Credit Card, then there are some extra cost for transaction. So they might have used 98.6 but charged 4000 extra for transaction.I pay through my tuition provider. They charge me 96 pounds correctly as acca fees. But exchange rate they add 4 rupees. If exchange rate per pound is 98.6 indian rupees, then they calculate as 96pounds*102.6 (98.6+4) indian rupees. Is rupees 4 charged by their bank?
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