| Title | : | How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme |
| Lasting | : | 35.02 |
| Date of publication | : | |
| Views | : | 296 rb |
 |
❤ Comment from : @muruganmuthusamy8644 |
 |
Nice video sir, appreciate your preparation 👍 Comment from : @karthigeyan143 |
 |
Can a resident Indian open bank account in USA and transfer money to homself Comment from : @shewakg |
 |
Sir, I am a NRI resident in USA for last five years I want to transfer my funds received through annuity being received after retirement from the company I worked for for nearly 30 years Can I remit the funds under LRS? I have being filing my ITR yearly Comment from : @ckhanna5235 |
 |
This is now outdated Can you update based on latest Budget of infamous 2024 Budget Comment from : @benedictsouza |
 |
Once trapped in India, only God can save you Worst financial rules Comment from : @shubhamsaurbhsharma5163 |
 |
How to transfer money from one’s nro account to account in usa Comment from : @shantisarup2034 |
 |
Hi, Thanks for the informative video Please make a video on eRUPI and its benefits in making international payments online from India to other countries Comment from : @reddevilblue666 |
 |
Mr Sriram has close resemblance to Surya Kumar Yadav Comment from : @kr7584 |
 |
Sir, I am SHRIRAM residing in Andaman |Islands, My one daughter is residing at London and a British citizen I am a retired central govt servant my present age is 75 years |Recently I sent Rs 20,00,000/- to my said daughter through SBI They deducted around 268,000 as TDS How to get the same refunded Pl engliten Comment from : @shriramsingh7408 |
 |
I am an US citizen and have an NRO account in India I have remitted Rs 5 lakh in May 2024 I had submitted 15 ca form I want to remit additional 2 lakh this year Will I need to submit 15 ca form again? Is 15 cb also required? Comment from : @manjuarnikar5264 |
 |
Excellent content!!!! Great information!!!! Lengthy video but with lots of details and information Thank you for making this video Comment from : @sumitdesai9265 |
 |
Hlo sir, who will signed on authorised dealer section in A2 form??? My bank is not doing this by saying that they are in rural areaSo, what I have to do now???? Comment from : @dipti5381 |
 |
I am green card holder at US and having bank account at US Can I transfer my 1 lacINR pension to my US account Comment from : @gulzarilalnepalia8112 |
 |
Now What is the applicable TRC for NRO account for transfering funds abroad ? Comment from : @chinyasouvik9050 |
 |
Sir, can LRS be used fir the purpose of a cash gift to children or grand children residing abroad ??? Comment from : @rajeshbuch8281 |
 |
Thanks to both of u sirs for excellent presentation Just wanted to know whether I can remit funds, say 10L to my daughter-in-law abroad as GIFT under LRS? Is daughter-in-law is listed beneficiary under COMPANY ACT also, to whom GIFT can be made under LRS? This confusion arose as pointed out nicely in ur presentation Thanks Comment from : @pradipkumarsaxena |
 |
Current regulations are slightly different from the earlier one Comment from : @sureshprasadsharma3125 |
 |
I want to transfer money from my NRE account to my another account abroad, what is the best way to do without avoiding high bank exchange rate charges ? Comment from : @tothegreatone |
 |
Sir how can NRI transfer income on immovable property( in India) it it taxable or can transfer as self remittance Comment from : @Surender_B |
 |
excellent Comment from : @ravichidambaramiyer275 |
 |
Can we transfer the funds to abroad from saving account held in India under Repatriation scheme Comment from : @umabhardwaj57 |
 |
Very appropriate & this makes the matter crystal clear ! Comment from : @utube460 |
 |
Very informative Comment from : @anandc3974 |
 |
CAN I SEND FROM INDIA TO PHILIPENS AND HE IS PHILIPENS COUNTRY CITIZEN? Comment from : @palvindersingh6963 |
 |
To send money to India, I do it via Remitly it takes minutes to transfer money to India But when it comes to transfer money from India to Canada, life becomes hell Why are things so complicated, time consuming when it comes to India It looks like Indian Government don't value our time Even after so many rules we still have Money Laundering issue and people are hoarding money abroad It looks like the rules are for Middle and Upper Middle Class Population High networth indivudals can bypass these laws After listening to your interview for 10 minutes I started getting headache Life is not simple is India till date Comment from : @ap71284 |
 |
What is residence & non residence you have to explain to under a lay man like me Comment from : @vkrishnatatavarthy6829 |
 |
What if an NRI transfers money to his/her account abroad Comment from : @basappakenga3109 |
 |
Remittances can be made to child studying abroad and recipient is resident Comment from : @pankajkumar-nq2ve |
 |
I want likely information Do I need to pay consultation fee before calling Please specify brCan you advise me on phone and thereafter send me the summary of formalities needed for money transfer to a family member a resident outside India for paying his house loan?brRegards Comment from : @jcs6148 |
 |
Sir Good information One clarity required - Is this limit of LRS or USD 25 lac also applies for the resident transfer to Non resident in its NRO account? Comment from : @kamymehta |
 |
Sir please make videos in Hindi as well so that our parents can also listen Comment from : @poonamleekha9591 |
 |
We are NRI , have to move to India due to termination of contract due to age When we settle in India we become residents We have applied for Australian emigration Our saving is in USD FD Which will become residentFE When we get the Australian emigration visa can we send all our saving brWhat is the tax policy in this case Comment from : @Sylvia-EdwardDsouza |
|
|
Can u pl be enlighten if we have in US dollar FD and want to transfer when we migrate permanently to australia ? Is only 250,000 allowed or all while migrating Comment from : @Sylvia-EdwardDsouza |
 |
My bank provides online foreign outward remittance facility Can I use that facility to send money to a tour operator who is organizing a trip abroad for me rather than going to the bank? if I remit online, do I need to submit any A2 form to the bank? Comment from : @pratikng |
 |
I had transferred Rs6 lacs to my son in Canada during 2022 as a gift No TCS was deducted as it was below 7 lacs limitIs this transaction required to be incorporated in my ITR for FY 2022-23Kind reply Comment from : @subhashkapoor2507 |
 |
Can I transfer money electronically instead of going thro a forex dealer or a bank ? Pl clarify Comment from : @srinivasangopal4499 |
 |
This should be revised , LRS scheme has changed Comment from : @sankardevc |
 |
You make it sound like you can send money to non residents as family member only, why you keep bringing family member/relative link ?? brOr is that the case ? br A resident who is friend of non resident, can he send funds ? Comment from : @amarjitsingh8659 |
 |
Please also explain how the debit and credit cards issued in INR, India, can be used overseas and the local currency of that country is dispenced Comment from : @harshavardhanaddanki7595 |
 |
Hello Sir, How can an NRI transfer money from his NRO account in India to his child abroad for education? Why is it that only a resident can transfer funds? If I have been saving money in India, why am I not allowed to use it for my child ? Comment from : @rajani3131 |
 |
My sister is a citizen in canada, note the point she is a citizen and what if i wanted to transfer a 40 lakhs to her Comment from : @krishnalalkl3099 |
 |
Hii HDFC bank india se Dubai mai 150000 par 1000 lagta hai but mujhe yeh nhi pata ki yeh information shi h ya galat maine bank m pucha tha to yhi bataya tha Comment from : @PriyaPriya-hu9gj |
 |
Query:brIndividual had a salary account (Resident / Tax paid and returns filed) and later migrated to overseas (Non-Resident) ie Foreign bank account brOn transferring money for maintenance from own resident to foreign bank account, LRS is applicable right ? Limit states more than 7 lacs, there is 5 charges applicable Is there any way to file a return for this ? Comment from : @jojijohnabraham3641 |
 |
Sir, what is capital account for resident indian or when required to be opened by a resident indian Comment from : @rrdkirori |
 |
Funds transferred from NRE fixed deposits needs to fill Form A2 and declare FEMA not exceeded $250000 Is it for Residents or NRI? Comment from : @gracymachado2450 |
 |
What about ESPP transaction Comment from : @aruldilip9430 |
 |
Nice Video👍brMy question is if I transfer money from abroad to Indian NRE account 10 cr and after 2 to 3 years I transfer amount from NRE account to abroad joint holding account (joint account is in my and my brother in law name) 8 crore Can I have to file form 15 CA while transferring from NRE to abroad joint holding account ?? Comment from : @hadipatel5344 |
 |
Thank you Sir 🙏 Comment from : @mobilemjd |
 |
Thanku very much sir This video cleared most of my doubts God bless u Keep making such informative videos 👍 Comment from : @potatolover6340 |
 |
foreign remittances are taxed presently at 5New taxation law of 20 is it effective from 1st April or July 1st of2023and am I permitted to remit money upto July 1st at 5 Please clarify Comment from : @vadivelukosalram6923 |
 |
MY SON WANTS TO BUY A HOUSE IN USAFOR DOWN PAYMENT CAN I TRANSFER MONEY FROM INDIA TO USA FOR THIS PURPOSE Comment from : @lakshmanansellappan7569 |
 |
Sir , How can we send remittance to our own business account outside India? Please guide me Comment from : @mohammadjaved2216 |
 |
4:29 things are getting crystal clear only Chandrakanth sir explains :) Comment from : @leg875 |
 |
what is your address? Are you located in Ahmedabad? Comment from : @jaybrahmbhatt7197 |
 |
No need to repeat the LRS rules 4-5 times Same for framing of the questions The information is very useful but fluffed up with a lot of repetition Comment from : @mantan_rtw |
 |
No wonder Hawala exists why are they making it so complex Comment from : @AaravXBrijith |
 |
Very good presentation and guidance, without wasting time 🎉🙏 Comment from : @ranisrikumar5735 |
 |
Hallo Sir, would you pls let me know what is TCS now on LRS in new budget of 2023/2024brIs this 20 on amount exceeding 700000 INR or on whole amount , s update me brThanks in anticipation Comment from : @khajuriaarun8874 |
 |
Can I Become Non resident after remitting money through LRS scheme Is it any non compliance of any law?brIs it defined under the act or in any FAQ's? Comment from : @lakshitprajapat1077 |
 |
Contact me to see what opportunities are there in USA for investment purposes Comment from : @rashidfehmi5531 |
 |
Their discussions are not applicable for everyone Comment from : @Jose-mn9bp |
|
|
I am an NRI and live in the UK and I invest my own earning in India Can I take back my own money to UK from my Indian bank account? Comment from : @Jose-mn9bp |
 |
Dear Chandrakant,brbrI found this video quite useful brCould you pls inform how OCI card holders can transfer their INR funds to their overseas account ? Comment from : @anil_madan |
 |
Sorry to say, fema rules are not clear and vast majority of practicing ca's in tier -III cities and most of the towns are not clear with this rule These days every month thousands of Resident Indians working abroad on deputation may eventually changed their status to 'PR' holders OR 'Green Card holders' Nothing is mentioned as how they can take their hard earned savings in India can be taken to their new countries to buy a car / house Comment from : @vincymathew7370 |
 |
I have got some options from a UK based company as compensation for providing consultancy services I need to exercise these options, for which I need to pay nominal exercise price However HDFC and ICICI Bank are not able to execute this outward remittance as they are not sure about correct purpose code This investment will be in equity shares Can someone guide for purpose code please UK based company do not have any subsidiary in India Please guide Comment from : @atukaku123 |
 |
My Question is Funded account allowed in India or not ? Because we r paid registration only after pass they given huge amount for trading That amount after profit they send to us It is legal or illegal? Comment from : @thajudeen1327 |
 |
Thanks Comment from : @radhakrishnank1147 |
|
|
Valuable informations Comment from : @radhakrishnank1147 |
 |
It is very informative Thank you However, I would like to know if I can transfer money through LRS to my brother abroad from whom I have bought a real estate property Comment from : @thomaseapen9208 |
 |
Thank you It was very helpful I have a doubt Can a NRe transfer 10000 Euro from India from his NRE account to another NRE aboard Two persons both are NRE Is it allowed Comment from : @rc5553 |
 |
If transferred as Gift from Resident to Non Redident either thru forex or INR whether it will not attract gift tax to be paid by the receiver Comment from : @mythilisundar8012 |
 |
Very useful information Thanks to both Great Comment from : @srinivasantv5863 |
 |
How NRI can take his money from India to foreign country? Comment from : @rkaggarwal3423 |
 |
Good Comment from : @rajalakshmisundaresan9623 |
 |
Good analysis Comment from : @yettapunarayanareddy7284 |
 |
One case is left Sir NRI have some fund in India, Can he send this fund to another relativ who is NRI staying in USA? Comment from : @ranjitdesai6050 |
 |
can a NRI remit his money to NRI(SON) from India Comment from : @vijeshbahadurchaudhary1288 |
 |
Dhanyawad ji for excellent and lucid presentation by SriRam ji and impressive anchoring subject u chose Comment from : @adityasarma4425 |
 |
excellent video very informative thanks Comment from : @meghnadwarrier1227 |
 |
Does a resident indian need prior permission to open a bank account abroad? Comment from : @FarooqAhmad-en1so |
|
|
Very aptly putThis is an year old videoDR Sahab does the information still hold good?Have the rules changed?Thank you again Comment from : @FarooqAhmad-en1so |
 |
Found your presentation very informative Could you kindly advise the protocols for transfer of INR overseas by a NRI to a foreign national Thanks Comment from : @kishorecoelho3186 |
 |
If someone wishes to gift an amount to his child who is now foreign citizen ( person of Indian origin) do the same rules apply ? Comment from : @atul58 |
 |
Sir i had a LIC policy taken while living in Dubai I had to return to India due to my job change The last premium remains to be paid How can I make the payment to the Dubai Insurance company through transfer from India Comment from : @SatyamMishra-tk4fd |
 |
Very Informative Video Comment from : @kunal9657 |
 |
The whole video defies what you said in the beginning of the video You said you cannot just go to the bank and say you want to send money abroad Liberalized Remittance Scheme is exactly that keyword being 'Liberalized' Upto USD 250000 can be remitted no questions asked in a year with a limit of USD 25000 per day Only the purpose has to be defined and KYC has to be in place No CA required Every bank and money transfer agent is equipped to handle this transaction Comment from : @shaiesunny |
 |
Under LRS can a resident gift his children into their NRE a/c? Comment from : @subramanianvenkatasubban7017 |
|
|
How about gifting money to Children who are NRI? How to transfer by a resident to NRI Children? Comment from : @subramanianvenkatasubban7017 |
 |
Excellent information Comment from : @sbalap |
 |
I am OCI card holderbrI am resident in India and hold resident bank accounts in IndiabrbrCan I use LRS to transfer funds to USa under code S 0001 for global equity investment?brbrWill bank check first with Income tax Comment from : @vesiniki253 |
 |
Very Helpful, my use case I am an NRI wanted to purchase a home and needed some fund from India Comment from : @sitarampal6753 |
 |
Please also add bank accounts Which bank account debited domestic/nro Which account the amount credited NRE/FCNRetcmore helpful to us Comment from : @seetha913 |
 |
Hello Friend, How can a NON Resident who live in the UK that has a NRI account in India, transfer money from a SBI NRI account in India to the UK SBI?brCan anyone help, thanks Comment from : @Nuron666 |
 |
Will the remitted amount be taxed in foreign country? Comment from : @rudys3649 |
 |
Send Money Abroad, How to Send Money Abroad through Outward Remittance – Axis Forex Online РѕС‚ : Axis Forex Online Download Full Episodes | The Most Watched videos of all time |
 |
HOW TO TRANSFER FUNDS FROM NRO TO NRE ? CA SRIRAM RAO РѕС‚ : NRI Money Clinic Download Full Episodes | The Most Watched videos of all time |
 |
Income Tax on Foreign Income | Income Tax on Foreign Remittance | TCS on Foreign Remittance РѕС‚ : MyOnlineCA Download Full Episodes | The Most Watched videos of all time |
 |
When Should An NRI File Income Tax Returns In India ? By CA Sriram Rao РѕС‚ : NRI Money Clinic Download Full Episodes | The Most Watched videos of all time |
 |
HOW TO CASH-IN GCASH USING MONEYGRAM REMITTANCE ABROAD.. РѕС‚ : Marsh Angel Vlog Download Full Episodes | The Most Watched videos of all time |
 |
Send Money Abroad Via Digital Channels | BPI Outward Remittance | 2022 РѕС‚ : BPI Download Full Episodes | The Most Watched videos of all time |
 |
International Money Transfer Barclays | Sending Money Abroad with Barclays | Funds Transfer Charges РѕС‚ : Technical Bakugan Download Full Episodes | The Most Watched videos of all time |
 |
Do Architecture Course From Abroad and Become Architect In India | COA Approved Colleges In Abroad РѕС‚ : Architecture Opinion Download Full Episodes | The Most Watched videos of all time |
 |
Liquid Funds vs Ultra Short Funds | HIGH Return Mutual Funds For Short Term Investment | Rahul Jain РѕС‚ : Rahul Jain Download Full Episodes | The Most Watched videos of all time |
 |
Best Way To Send Money From Abroad To India | How To Do Money Transfer | Send Money From India РѕС‚ : Flying Abroad Download Full Episodes | The Most Watched videos of all time |
