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HOW TO TRANSFER FUNDS FROM NRO TO NRE ? CA SRIRAM RAO

NRI Money Clinic 731 views

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Not easy to send from NRO to NRE Need more strict
Comment from : @udaysrikar

Hi i want to transfer from nro account to my nre self accountfunds in nro was transferred from my nre account itself is all this process need to be followed for this transaction tooplz reply
Comment from : @coolvloggers3748

If I bought my house with NRI account money may I transfer the amount when I sell that house
Comment from : @marynair8442

Are u jobless to hear this ignorant publicity lectures
Comment from : @bmvyas4323

NRO NRE NRI OCS Rules are hopelessly worse since 1991 liberalisation n now situation is hope lessly bad Modi gov hs ruined rules for worse Which fool shud deposit in India vs crypto currency!!Fools r Fools
Comment from : @bmvyas4323

Don’t invest anymore in India Keep life simple
Comment from : @AM-jr9lg

Hey , I have a comment, if your NRE account is not active for more than a year, the Bank will take away the entire amount and you will have zero balance You will be required to file an application and the bank will carefully scrutinize and reinstate after several days During this period you will not be given any interest So be aware of this issue
Comment from : @ms9ms362

I have a inherent agricultural land in india I wish to sell it and transfer money to nre account Is it possible ? Do I need to pay any tax? Anybody plz share knowledge Thanks
Comment from : @user-hy3hf1mx9d

What if the banker tells that you need to personally come to India and sign the A2 or form provided by bank
Comment from : @yashwantshetty8091

This conversation is so informative brAll questions which could have been possible to arise had already been covered here brThankyou for uploading this kind of vedios
Comment from : @snehapatwal3529

Excellent content Thanks for clearing the fog around the subject
Comment from : @mohammedsajjad1218

Now apart from money from outside India there are monies coming into NRO from India itself like pensions, interests and property sale I learn that only proceeds of two property sale can be repatriated What if I had proceeds of more than two properties I need enlightenment on this
Comment from : @bhasker10sai45

Very detailed explanation Thank You 🙏 Looking forward for more informative contents
Comment from : @soubirjya

Your video was released three years ago However, any modifications have been implemented in the transfer of funds from NRO to NRE accounts as of today I appreciate your input Thanks
Comment from : @hariharannatesa1469

How do we transfer money from NRE to foreign bank account Your videos are very useful indeed
Comment from : @rchaudhari4281

Very informative! Thank you for explaining clearly in simple terms
Comment from : @pampunwani1243

Happy to listen the video
Comment from : @gaurangadas2630

Can you please give your contact number
Comment from : @KrishnaMurthy-cf8nb

Very well explained Thank you
Comment from : @shalinivaz1473

More clarity is required on the part which mentions that the assessee had to show that the money which is being transferred from NRO to NRE, was the same money that was earned abroad earlier, and was transferred from NRE to NRO earlier
Comment from : @kunalzshah

Sir, thank you for giving such a lucid explanation My daughter worked in India for about five years and invested in ELSS mutual funds and bank deposits She resigned 10years ago when she got married and left for Australia and is now an Australian citizen with an OCI card Her earnings from employment, the funds from liquidation of ELSS Mfs and monetary gifts from me and marriage gifts which were in two or three different bank accounts are being consolidated in to one NRO account at a different bank which she opened seven months ago on her visit to India Now from what you have said in your wonderful video, she can transfer these funds (the total is less than Rs50lakhs) by following the process explained in the video Am I right?
Comment from : @rajualluri-lj5cr

India & us has tax treaty for income generating out side usa must be shown in USA tax return so if some one generate income from stocks selling or other sources than he has to has to pay tax in USA than what will be position for income generator in India for India tax ?
Comment from : @VirendraPatel-l8f

Explained well Thanks
Comment from : @mathewarapura2904

Great video! However, I have a suggestion - the flow is fast for an end user to grasp and digest brSecond, technical jargon (eg: Repatriation, FEMA - high usage) not easy to comprehend for an end-user or a person who less Financial background brThird, better to explain from the real-time end-user transaction rather going directly and continuing only from CA or Tax or Bank perspective
Comment from : @venkataella686

Thanks a lotbrClear and simple way and coolly slow explaination for easy understanding
Comment from : @mirzuberi8547

Foreign bank account to SB account
Comment from : @pallabdas507

Can we increase limit more than $1M in a financial year registering as an entity ?
Comment from : @pavanatekar

The money received after cancellation of sale agreement and the stamp duty and registration charges refunded are credited to NRO account Whether this amount can be repatriated This moneys source is from abroad
Comment from : @kalanithya4321

If i had transferred, say $500 from NRE account to NRO account 2 yrs ago can i draw the same equivalent $500 today from NRO assuming i have a balance more than that amount?
Comment from : @LordAvenger999

Out of four conditions for transferring money from NRO to NRE a/c, the last one "Income from India" needs clarification brCan funds from sale proceeds of ancestor property be transferred from NRO to NRE a/c? Pl clarify
Comment from : @grrao8857

May I know the process of nro to nre in case of inherited wealth
Comment from : @radhikak2025

But now the rules are changed from july 2023 Is it possible to transfer money from an ordinary SB account to an NRE account with out tax If resident has no nro account
Comment from : @rugminir8169

Great video,Thankyou
Comment from : @rajigeorge7542

Sir , can you prepare a video on Tax implications (capital gain etc) for NRI selling their own properties ( not inherited) Now a days many Indians are gradually becoming USA permanent residents and thinking to wind up all properties including investments in shares/ MF and stay peacefully here This is because of their agingbrShall appreciate Once done inform me on this Comments Pl
Comment from : @ChandrashekharRaje-o4l

very good information, Excellent
Comment from : @ravigm2409

Can NRI open business in India? What are the documents required for business in India? Are the NRI documents required to be attested by Indian Consulate in Dubai or by Notary in Dubai courts? Pl advise
Comment from : @praveenkapoor4926

thankyou for the detailed explanation
Comment from : @kurienmathew9770

Will the TCS of 20 be there while transferring from NRO to NRI acct?
Comment from : @atulmittal970

Is it mandatory to have OCI card for opening NRO/NRE account with any bank in India I am a person of Indian origin but now a citizen of Australia Please do guide
Comment from : @ravindrajoshi5246

How much time does it take to transfer from NRO TO NRE after submitting the relevant forms ? Do they charge for transfer or any tax by govt
Comment from : @ShriKrisna108

Thank you Dr Bhatt for an absolutely clear and detailed analysis of the fund transfer from an NRO to NRE/ Foreign Bank account for NRIs Would appreciate if you can clarify on one point - should the NRI be physically present in India to effect the transfer or can his POA/ legal representative handle the documentation on his behalf?
Comment from : @jas61

Awesome !
Comment from : @safinnair7502

Thank you very much for the information provided for transfer of funds from nro account to nre account account
Comment from : @dhulipalamalleshwaraswamy3526

Can a PIO drawing salary in India through his NRO account? Later can it be transferred to his NRE account?
Comment from : @simrmsan

About 15 years back I had no NRO or NRE of mine ihad local saving account so the amount was transferred from abroad to the SA and invested in FDbrNow this money can be transferred to NRE ??? I am long non-resident I have been transferring this amount
Comment from : @kausaralisafdari2057

I had long time back I had transfe LLPrred a big amount about 30 Lac in Saving amount which was invested in FD now it has been 58lac now can I transfer this to NRE ACCOUNT
Comment from : @kausaralisafdari2057

Thank you very much Very very appreciation for you Because since long time I was waiting for this subject 🙏
Comment from : @balkkisrazak1783

I just followed this, absolutely correct information and very well delivered
Comment from : @nandu1595

Thanks for the good illustration of nre and nro account
Comment from : @vinaynigam4909

Excellent - I am a CA in UK and this was very helpful to understand NRO and NRE funds
Comment from : @samirshah6273

Sir,brI gave $150,000 US dollars to my friend's daughter for medical college admission to India I wire-transferred $150,000 from the US bank Now my friend wants return my money back in Indian Rupees Can I deposit his check in my NRO account? later can I move the NRO account to the NRE account? I want to bring back to the US please advise
Comment from : @Raj-tz5dx

Does PF settlement money in India qualify for transfer from NRO to NRE account in India?
Comment from : @guruprasad4318

Parents gave money as gift to child in nro which is tax paid can this also be transferred from nro to nre
Comment from : @UjuChauhan

Sir thank you for the informationbrMy question is if I have property which I have sold and the funds are in my NRO account Can I remit that funds to US ?
Comment from : @goshtasbbharucha5060

We need CA certification to trf from NRE to NRO We have to prove that, we paid tax and it's legal money 😊
Comment from : @shobhapai8927

Need more agriculture land than real estate with NRI,NRO,NRE money
Comment from : @ravigujju1780

If we transfer money to NRE and loan to someone and if the loan is returned to my NRO account (less than 10 lac) are there any requirements or obligations from taxation?
Comment from : @hitender7

Thanks!
Comment from : @mazharkhan2001

Excellent
Comment from : @Btithare66

As parent can I remit the amount to my sons NRO account as giftbrIf yes can an nri transfer the amount in NRO account to NRI
Comment from : @chandrasekharramanan8763

If NRI resident country has DOUBLE TAXATION AVOIDANCE AGREEMENT with India, do we need to show IT Form?
Comment from : @burkhan123

First of all, why do we need to transfer fund from NRO to NRE?brbrIs it not possible to transfer from NRO to foreign bank account, provided FEMA and IT laws are fulfilled?
Comment from : @burkhan123

At present money transfer from NRO to NRE attracts tax at 20percnt
Comment from : @sheikmohamedhashim1960

Nre only allowed to open nro Ac?
Comment from : @abdulrazackpothiyil6058

Sir any limit to transfer fund from NRE account to outside india is it just 1 million usd maximum per year ?
Comment from : @jamalismail2597

The discussion certainly helps one understand the mechanics of transfer However, there are some contradictions in the explanations Moreover, the FEMA perspective is not dealt with properly
Comment from : @ranganathanrajagopalan681

Very nice Sir
Comment from : @prasadksn77

Hey why can't I simply transfer my Indian money to a foreign account that belongs to me Why do I need nre account? Can I transfer money to my personal account in foreign account or a foreign business account
Comment from : @ssshammi

Very nice presentation
Comment from : @omprakashbhandari6706

I am a resident Indian I am liquidating some fixed assets here in india At the given rate there will be some long term capital gains on that transaction brI intend to to transfer that money to my son who is an nri of course after payment of LTCG tax and or investing the requisite amount in approved capital gains bonds brMy son maintains both NRO and nri accounts here in india brMy question is br Who is required to obtain form 15 CB from c a - me or my son Same query for form 15 c a br What is the correct/ better way to transfer such funds to my son
Comment from : @sudhirkumaraggarwal4445

Very interesting and informative video thanks
Comment from : @Sherjang-cm3sm

4:50 Answer is here
Comment from : @letmespeakthetruth1601

This is so informative! Many thanks sir!
Comment from : @sushanttrivedi2267

What if my parents wanted to gift me some money
Comment from : @venwal-qt3ff

Government will not support nri
Comment from : @DesignSpringBusiness

Talent based got job money is under government control Having NRI is shame Law is control for the honest money Even whst to purchase and etc
Comment from : @DesignSpringBusiness

NRI suffered upon not got good job in India due any reason
Comment from : @DesignSpringBusiness

Hard and honest earned money fully under government control india law
Comment from : @DesignSpringBusiness

Many thanks for the information which has been shared in such a simple way Great 👍
Comment from : @tejasgira1

Very valuable information , well explained Thanks a million!
Comment from : @thomasvarghese378

Please do a session on gifting sale proceeds of a property to NRI children
Comment from : @SubhashChandra-de3yd

Sir, please make a video around new KYC rules effective from 1st April 2024 There are hardly any videos catering to NRIs and no one including the brokers and intermediaries are able to give any proper information Please emphasise on the the Aadhar issue and need of Indian mobile phone for KYC validation on the KRA website For NRI, we cannot apply for Aadhar if we do not spend more than 182 days in India Also most of us do not have Indian mobile numbers Hence cannot validate our KYC Dt: 30/04/2024
Comment from : @sanjaychaubal4628

Income derived from Investments in Shares and deposited in NRO acountbrCan this income in the form of Dividends each year be transferred to the NRE account
Comment from : @2710khatri

Can NRO funds be used for spending in India or Give money to his/her parents?
Comment from : @rajagopalanramasamy9983

Now what is the applicable TRC for NRO account for transfering funds UK ?
Comment from : @chinyasouvik9050

Why not simplify… submit 15ca and 15cb to tax authority Fill A2 and flma declaration to transfer the funds outside India brJust submit 15ca and cb to income tax and transfer NRO to NRE account
Comment from : @RRRSSS1111

No more investint in india most ppl dotn know this
Comment from : @stcreport8838

Indian govt will always remian bikhari no matter 1 tn or 100 tn economy
Comment from : @stcreport8838

How to understand FEMA laws for the case of exchanging money between family members? We regularly help each other inside family based on need Now, if this needs a NRO to NRE transfer, how to understand the law?
Comment from : @DivyaCimpa

This answer is so vague for people who are not Indian citizens who don’t file taxes in India 15CB is given by CA’s which they don’t give easily
Comment from : @pryakris