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Should NRIs Pay 20% Tax On Repatriation Post 1st July 2023 ? - A Must Watch Episode For All NRIs

NRI Money Clinic 356 views

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There is confusionif remittance is for any purpose other than education, medical , tour package, TCS is NIL upto rupees 7 lakh & 20 of the money exceeding 7 lakhsbrIs this correct?
Comment from : @vasudhadamle4293

Mr Shri Ram's voice is not clear please Your videos are very useful
Comment from : @vasudhadamle4293

Dear Sir, thank you for this informative video It would be great for your followers if Mr Sriram could use a lapel mic and not rely on the mic on the device he is using
Comment from : @kunalzshah

One suggestion for the experts: please explain everything in simple, layman terms
Comment from : @ajayjadhav3363

If a resident transfer in my nRo account as gift from parents will there be TDS on the amount transferred by my resident parent? What max amount my parent can transfer without tds ?
Comment from : @avilearninghub

Don't send more than required money to india
Comment from : @1996haryog

Very TRUE 200people made mischief in trf money n are enjoying in other countries namaste our FM wants to punish every citizens who's members are overseas residents while trf money ridiculous Have u heard so far any bank or got employee involved in scheme has been arrested namaste punished
Comment from : @SelinBrightRose

One year over Nothing hapoened😮
Comment from : @RkR2001

Main content starts from 3:06
Comment from : @user-zf7eq1yb8d

This is nothing but tax t3rr0r1sm
Comment from : @shreek23

Tax terrorism
Comment from : @shreek23

It was good, but it was too technical If you could explain the same with some simple examples that would be more beneficial for people like me who are not familiar with these jargons
Comment from : @DezzzBlueSea

I am a tax payer ever since I started working and now I am a ensiiner still I am paying tax So is it possible for me to send some money as birthday presents to my grand children without paying this so called TCS Your advise is highly appreciatedbrThank you
Comment from : @vanajat9640

Is there any threshold limit to transfer of money through NRO A/C to indian saving account for the purpose of tax implications
Comment from : @avinashbhardwaz8206

Can u further explain in detail with examplesof an nri who has to pay tax onglobal income How does the tax paid in India under DTAA Work Explain such things, is there any limitation on CG taxes paid in India Thanks
Comment from : @vedkr9887

Problem is banks themselves are misleading people
Comment from : @RaitaNag

For grand children education in foreign country is there concession of 5 similar to children
Comment from : @vadivelukosalram6923

What to do with loan account
Comment from : @amityadav-tj9hl

Lot of echo in CA audio
Comment from : @VishnuSharma-ip8hr

I am an US citizen but I get state pension I have an NRO account I want to know whether I need to pay TCS / TAX for remittance of my pension amount to myself in an US account Please give details Previously I was informed that there is a tax on the funds remitted to self but no tax on gift Please clarify this
Comment from : @manjuarnikar5264

This is day light robbery I dont think the govt vetted this idea from a babu
Comment from : @notrat5678

People struggling to live here is the realty than the govt say Joblessness is increased very high under Modi govt People somehow find job abroad and struggling to save something working hard, not eating goid food and all At last now v have to count the days every moment when v r in India 60 days, 120 days, 18/ days’ rules… for what?? Common man even if nri do not know all these if he stay here for some reasonlike treatment and all income tax eill be after him modi govt only thinking of collecting charges
Comment from : @mrose4034

What tcs if i am transferring money from my nro account to my overseas transaction account, if the source of my nro amount is father gifted me
Comment from : @vermagauravsingh

sir i find your videos very useful especially since you invite learned CAs thanks very much - videos are liked and shared
Comment from : @shekharkumar9365

What about money repatriation from inherited properties sale?
Comment from : @T_E_J_V

Is the TCS applied if a relative sends money to NRO account and i plan to remit that into a foreign bank account?
Comment from : @ritoghosh1417

I took a loan in India and brought flat/house in IndiaI closed the loan account from my earnings from Abroad Loan account was paid fully from my NRE accountNow if iam selling the said property how to tranfer the funds to NRE from NROIam NRE working in GULF
Comment from : @rameshsp6938

A quick question CA SriramjibrWhen as a resident I send any money from my resident SB acc to my NRI son in US ,TCS at flat rate of 20 is to be paid upfront brIf I transfer money from my Resident account to my son’s NRO account and if he does the remittance to his US acc in dollars ,will there be any TCS implication?brIs it legal /allowed to do such a transfer to avoid TCS ?brWill appreciate if you can throw some light on thisbrGreat videos you are doingbrKeep up the good work
Comment from : @sastryugk2816

could not be more confusing as far as the purpose of this video is concerned
Comment from : @sansalvi9609

Can't they have indian savings account jointly with Indian citizens son
Comment from : @kalpananarendra7599

Title is misleading 20 tax is different from 20 tds I get total refund of tax deducted at source
Comment from : @HARSHDHV1

If a person having more tha one saving accountsHe is in the process of conversion of one account into NRO account and closure of other accounts He may require sometime to complete the work Is there any time limit ??
Comment from : @drwrgajdhar1673

Please advise if any tax liability regarding repatriation of funds received from the disposal of ancestral property for which capital gain tax is already paid
Comment from : @mercygjoshua4900

Voice voice recording is terrible buy some decent mic and do the show people may watch
Comment from : @tanmayashukla

If resident indian sends money to abroad under LRS it is called foreign remittance right?brbrRepatriation is for NRE/NRO correct?
Comment from : @Rao03

Very informative videos Thanks for making this channel andd sharing the knwoledge
Comment from : @MrBos2000

thanks!
Comment from : @craumm

Since Last few months bank detecting 2K for salary deposit Saying foreign currency exchnage rate and processing feebrIs than any new tax came ??? Indian Bank
Comment from : @9907007013

First of all Thanks for your video I am working in Oman, and have FD in NRE and FCNR, which i want to use for my daughter study outside of India in future (after 10yr) but at that time i will not be NRI, in such condition do i need to pay 20 tax or anyhow i can get benefit in future from this money in NRE
Comment from : @sumitmishra8560

Can u make videos in Hindhi pls
Comment from : @redline4761

Thank you for the clarification
Comment from : @EvolveWithJennifer

Hi sir, I am confused with my situation My parents in India want to send money to USA as my wedding gift Will they be taxed for remitting the money? I have my NRE and NRO account Should they transfer funds to my NRE or wire directly to my USA account?
Comment from : @rishi2821

KALAM MAZUMDER CHANCHAL MAZUMDER PRADIP MAZUMDER SOMA MAZUMDER GARGI MISHRA GOURI MISHRA GOUTAM MISHRA RAMTOSH BANERJEE LANE HIRAPUR DHANBAD JHARKHAND SECOND ADDRESSED SUBASHPALLY KALITOLA BURDWAN RAYRAMCHANDRAPUR GUSHKARA BURDWAN BANKURA GOGRA PURULIA MUNSHEF DANGA HARI MANDIR PURULIA RAM MISHRA FATHER BHUTNATH MISHRA MOTHER MIRA MISHRA CHAND MISHRA
Comment from : @BiswajitRoy-ni9rf

I think the above rule you had mentioned in the video is wrong as there has been changes made brPlease check the link below incometaxindiagovin/communications/circular/circular-10-2023pdf
Comment from : @user-hr7pi3wr6n

FEMA law violations are on currently open invalid type of accounts for NRIs like SB and other accounts, or can they also go back in time say 3 or 5 years like in the tax audits to seek actions on violations?
Comment from : @SettyS2011

The sound system is hopeless Don't feel like listening The speaker is making topic hopeless He should use more clear visuals & graphs to explain explain
Comment from : @Kumar57

Can an NRI hold a joint account
Comment from : @lakshmipriya606

So u loose a lot of interest on TCS collected, coz ur claim will come after 1-2 years
Comment from : @Sandeep-pv1kg

These people can't catch corrupt politicians and businessmen, beurocrates,,but only genuine public is f****ed
Comment from : @Sandeep-pv1kg

Banking for NRI has been very complicated Even banks create lots of problems with nro account,,that a person, even ur wife or parents, cannot transfer money to that nro accountbrbrU can't get debit card or cheque book on the spot It will be sent to your correspondence address of the offshore address which is completely absurdbrbrTDS on FDR is very highbrbrIn a nutshell,,, NRI ki govt ne band Baja rakhi haibrbrNRI ko har koi loot ta hai
Comment from : @Sandeep-pv1kg

You have not explained if we can transfer from NRE account to abroad without inviting tax ?
Comment from : @pearstt

Will a person with OCI card be considered as NRI irrespective of the period he lives in INDIA? For exmple one with OCI card stays in INDIA for 6 months
Comment from : @chandrannambath3982

My son an NRI, maintains some Savings Bank account into which the proceeds from his investments in India such as shares,mutual funds etc are transacted, and also rental income from his properties in India are deposited on which he pays Income Tax as applicable, is it wrong under FEMA?
Comment from : @siddhanti

Can we hold joint saving account with our parents? The account existed before we moved out of India
Comment from : @manojbirajdar6598

I thought it was 30! Has there been a change?
Comment from : @Amrjit18

It is seriously a reap off govt 20 is really ridiculous
Comment from : @junestoddard477

NRI going on tour from India to abroad has to pay 20 ?
Comment from : @mukundshah8466

Sir if I have bought an apartment for 1 cr and sell for 2 cr and I want the money in my NRE account what procedure should I follow and what taxes should I pay ?
Comment from : @Musica-lw8xp

Make money any which way!
Comment from : @SJ-tm6iq

Any gift by resident Indian parents to their spouse nro or nre account will tcs be applicable?
Comment from : @AmodKumar-n1f2v

Mein Nri hun sirbrAgar mein mere NRE BANK ACCOUNT se crypto buy karta hun binance se toh kya mujhe v tds 1 katwana hoga aur 30 tax v dena hoga sir ?brPlease give your suggestions
Comment from : @AzharGhumakkad

Please share treatment for OCI/PIO while remitting funds or selling property and repatriating funds Thanks
Comment from : @SubhashChandra-de3yd

Binance se nri bank account se p2p karne pe kya tds katwana hoga brNri account se agar crypto buy karte hain to kya 30 tax dena hoga NRI ko v binance mein?
Comment from : @AzharGhumakkad

What if my resident mother transfers say 2 crore to my NRO account? Will I be charged any TDS in those circumstances when I remit the 2 crore to a foreign country?
Comment from : @saurabhgupta3140

Hello, MR Bhatt NRI clinic , thank you very much your all above videos explaining and giving lots knowledge to the NRI investments in the Indian bank regulation BUT also, I would like to know , NRE account funds If Investors Invest in Mutual Fund schemes, there is a fund values IF when the investor requires repatriation into the original residence address bank accounts in full valued amounts or taxable? IF yes, how much tax deduction Please, expecting in detail’s explanation Many thanks
Comment from : @jagdishchandrajoshi4260

Hey, I was wandering: -what if: "NRIs": could: {LEGALLY}: Be:brable, to: br"donate ALL!? THEIR [VERY]_Own:_ del(personal): tax/delbrmoney, to/for: India: **as a "form: of: reparations!?"**!!"??brMKS India, can: -MKS b*"Jai_Hind!!"!!*/b
Comment from : @mks7417

Dear Sir Is banker responsible to deduct tds on the interest earned on my NRO SB account? If so what percentage TDS they can deduct If the bank does not deduct I have to declare such interest income while filing my return
Comment from : @Srinivasbatchu-b2f

Sir,Like to know if iam selling a property under 50 lacs ,What will be the capital tax,How much please ,Thank you for educating us from 1st July 2023 amendments 🙏
Comment from : @vijaymurgod1647

I am an OCI living abroad I have inherited some propery from my grand parents through my parents Should I pay any tax, if I sell this property tomorrow please advise
Comment from : @jose27630

If I have paid 20 TCS (Rs 5 Lacs) and file returns for less than taxable amount, will I get the entire Rs 5 Lacs back?
Comment from : @dutterR

Thank yu Will TCS apply to amounts less than 7 lakhs per year ?
Comment from : @srnair7661

What is the definitiin of NRI? When exactly does an Indian, who takes up a job abroad, become an NRI?
Comment from : @ashwinisharma3239

Sir thanks for very imoortant information If less than 7 lakh, I have to transfer as living expenses for my son to USA after 1 July , it will also get tcs 20 ?brPlease reply
Comment from : @VastuRaj

I have a Simple Question? If any NRI wants to bring money from back home for any reason like buying a property or Education WIll he/She be Taxed - If Yes at what rate Thanks
Comment from : @garybhutta184

HI can anyone give an idea one below I am resident in Dubai and I have property mortgage in UAE If I sell a property in India can I transfer that money to UAE for me to make partial payment of my mortgage in UAE Do I need to pay tax for the same apart from the capital gain tax?
Comment from : @actorram8293

what does it called income from youtube videos comes under which tax ?😂 how do u pay tax of youtube income
Comment from : @Eklavvyyaa

'repatriation' indicates sending back, 'remittance' is normally refers to sending money incl Forex
Comment from : @satyanarayanbolamahadevara2694

Chartered Acct In the Video was wrongly using the word 'repatriation'
Comment from : @satyanarayanbolamahadevara2694

Please answer thisbrbrFunds sent for living expenses and accommodation purposes fall under the Education purpose bracket? And won't affect the change after 1st July?
Comment from : @azargalaxykustagi3593

This goverment is a most corrupt they squeeze out of our pockets now I have to wait till year end to claim tcs , idiots
Comment from : @dadofthisyoutuber2450

NRO has $1M/year expatriation limit and no TCS I believe
Comment from : @harisadu8998

In which category the blocked account amount for students who are going abroad will fall Is students need to pay 20 tax to show money in their blocked account Kindly reply if anyone here know about this
Comment from : @jilna67

This govt is ment to loot common people
Comment from : @binodkumarsharma4060

Click baits can only take you so far, facts gets u followers and subscribers
Comment from : @letsbye

can my father sb account transfer to my nro and can i transfer to us account as all my stocks are in invested in father name as too much of problems in maintaining pis account
Comment from : @srinivasanraghavan88