I presume u r in India. If so there is no legal way to convert the same to Indian currency except through a bank or authorised forex dealer. They will certainly require you to submit documents as to the source of that amount. Tax part of it will come later

If you go to some unauthorized forex dealers, you will be courting trouble and have to get the same converted at your own risk..

You have to state to lawyer the source of this money and its present place of custody. Then you can ask for advice on how to convert to INR and possibly tax plan.

email me at:

helpdesk@lawconcern.com

madraslawyer@yahoo.co.in

Yes, sure, you can convert your dollars into Indian currency anytime.