Repatriation of your own money from India to USA

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Information Repatriation of your own money from India to USA

Title	:	Repatriation of your own money from India to USA
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Comment from : @MandarKasture

Thanks for the video Great info One question, once you repatriate the money to US, is it taxable in the US?
Comment from : @chandermani9570

NICE VIDEO…brPlease let me know if i can obtain these Forms from any CA in India… I cannot travel to India So , will be bank wants my physical presence to transfer funds to here ??
Comment from : @Rajphotos_usa

I think Liberalised Remittance Scheme (LRS) is for resident Indians ONLY
Comment from : @vasudhadamle4293

Subscribed and liked!
Comment from : @ArunKumar-fx6zg

Hi Mandan, thanks for the detailed answer Do we have to pay tax in USA for the money we transferred from India NRO account? Please let us know I got that we need to file the forms in IRS for the money we transferred from India Do we have to pay tax in USA
Comment from : @gayathrianandan2011

More red tape, forms and bureaucracy, India is famous for PIA
Comment from : @sharabi21

Excellent info, Thanks!!!
Comment from : @Hps-vy8qk

Once we get green card how long we can stay in india We get green card in May can we come in January next year
Comment from : @pankajjain9296

Is LRS is in force
Comment from : @prabhakarpoola2213

Very informative!
Comment from : @prabhaya9913

Like it
Comment from : @NagarajaChittaNanjappa

I sent money to my moms account when the rate was 50 or 60 rupee per dollar now if I sell my apartment (purchased at 40L sold at 50L) do I need to pay tax in India and when I sell it is in my moms name and can I still send money to my NRO account? And if I get that money here in USA actually I get less money than what i sent Also I have my LIC policy money coming yearly 2L, if I get that to USA is that also legal and do I need to pay taxes for that
Comment from : @prashanthambati5226

Whether the transferred money is subjected to taxes in USA?brWhether tax has to be paid on this amount in USA also?brIs this amount has to be shown as income under IRS rules???
Comment from : @mrprasad8880

Question: Same Process will be done while cashing out parents FD’s?
Comment from : @aJ13

Your capital gain tax calculation is not correct
Comment from : @Shri75hyd

Do you have a Video on Transferring money after sale of Property in India for NRI?
Comment from : @fremont-desi6430

Hi Mandar, this was a very nice presentation of the topic most Indians want to know Thank you for the info One more question here I assume that I have paid the all the required taxes in India on long term gain on the sale of a property Once money gets credited into the US account, do we need to pay any more taxes to the IRS? Is this money considered as income for that year by IRS?
Comment from : @vidyadharvadapalli7863

Thanks for very useful information
Comment from : @GKWalia-z9b

Can you also make a video on repatriation to Australia please
Comment from : @lohithab87

Liked the video Informative
Comment from : @AravindaShenoy-c4w

This is very informative Thankyou for thatbrOne question do we need to pay any other tax other than the capital gain? Heard like that we have to pay some tax while sending the money Pls clarify
Comment from : @binoygeo

Are we taxed again in usa at the slab rated
Comment from : @brsujatha2277

Hi Mandar, very good video Can you also pls explain when is it ideal to file form 13 in source country or can we sell with our formbr13 Also in USA, are we just reporting FBAR and form 8938 or should we pay taxes in USA as well If so are the taxes 15 or they will be per income slab rate Can u pls make a video on this Appreciate your help Thanks
Comment from : @vijaya12345

Good video
Comment from : @achag9273

There are limits for filing Form 8938 More so people might have to file 114 which is Fbar
Comment from : @TheSumitbabu

Thank you Mandar sir for collecting all the information and summarizing the same in the video It is indeed helpful!brbrAgdi mojkyaa shabdat aani sopyaa bhashet 👍👌
Comment from : @ZeeshanKhan-pp2qm

All kinds of BS laws in India From US to India we can just use apps like xoom or remitly but sending money from India to the US is not easy at all
Comment from : @saby8765

How about if send to Canada
Comment from : @malkeshkumartaheem7576

What about repatriation of regular rental income from property in India to the US?
Comment from : @jayantobose4939

Thanks for such a useful and informative video🙏
Comment from : @MG4Youtube

Regarding your comment on the long term capital gain of 40 lacs, I think it would good to explain to viewer about indexing of the flat that cost 10lacs in 90s So capital gain tax on 40 lacs would be correct but new value of the property minus sale value Most of the time people makes losses and not aware of that😅
Comment from : @JeetkrishnaDas

Awesome!!! Thank you for great info I was desperate for this info to support from son’s education
Comment from : @aloksaxena3684

Hi Mandhar your video is very helpful and thanks My question is : after getting capital gains from sold out OF 2:23 brSelf house in india, i got presume Nearly 2 crores brAnd being self On Greenard , how to transfer my money after paying IT etc To US please guide Thanks madhu
Comment from : @raopenumaka3977

Thanks for the wonderful video I have a question regarding sale of property In your video at 549, you have mentioned that NRI is allowed to bring back money from sale of two property Is that for one calendar year or life time What should be done if there is more than two property?
Comment from : @craigbuyer

My priority date is 13 Jan 2010 when will it become current
Comment from : @jasmineriar7190

Holding period is 2years and not three yeats
Comment from : @ramnathmedane1988

Thanks a lot brVery knowledgeable video brJust perfect
Comment from : @mukeshpatel5492

Good advice But I would like to add that banks in India have a lot of red- tape even after you file Forms 15CA & CB They make it so difficult for customers by demanding more and more documents that sometimes I feel why US government makes it so easy to to send remittances to India Indian FE reserves are more than USA Please Beware of Indian banks
Comment from : @charanjitchhatwal893

Thank you Mandar, your video is very informative I need your advice, couple years ago I opened my account in USA in Indian bank with USA currency They closed my account and sent me money in Indian currency here in USA I sent my draft back and requested bank , can you transfer my money in USA dollars in my USA bank I sent all details and documents but bank is not helping me, what should I do
Comment from : @baljeetkaur7216

what if i received property sale proceed in cash in India ?
Comment from : @chrismaguire8165

Thanks for the video, does this applicable for the money which is sitting on your bank account as "SAVINGS" ?
Comment from : @djthevj25

Do we need to pay taxes in USA for any remittance amount ?
Comment from : @rdreddy

Hi,brIs there any TCS on outward remittance for NRI?
Comment from : @rohans8949

Thanks for the precise and clear, to the point explanation ✌
Comment from : @arvindgoudar1586

Excellent info you have given ,ThanksIf the purchase price is 1 cr & bought the flat in 2007 paid 40 lacks do I pay capital gain on 60lacks & how much TDS will be deducted please explain
Comment from : @premaparameswar6499

Sir I like your videos because of their knowledge content and of course I have subscribed to your channel…waiting for more informative videos on your channel
Comment from : @harjotsandhu5216

I want to bring $150k from india, is it possible cash transfer ? don’t have property selling deed nothing
Comment from : @sanmac9621

Hi what are the options for USA citizens ( naturalized citizen) originally from India? This info looks like good for green card holders Thanks
Comment from : @rogerp1477

Thanks a lot Mandar, This is exactly what I was looking for
Comment from : @vvmane2004

thank you for all your time and effort
Comment from : @kripalbd1

Can I Become Non resident after remitting money through LRS scheme in the same year Is it any non compliance of any law?
Comment from : @lakshitprajapat1077

Thanks
Comment from : @aman_k23

very informative
Comment from : @madhukargoel6987

Imensely helpful information and precise with exact points I have one question regarding inheritence, if I am the secondary holder on bank account (non-NRO) can these funds transfered with form-15CA and 15CB? aslo, does these funds in USA will face double taxation?
Comment from : @anilg9693

Very helpful, I am facing the same problem From Yangon Myanmar,
Comment from : @dawoodmeah

Hi Subscribed channel, commented and liked the video
Comment from : @anujasmoharir9813

Thank you for your presentationbrIs it allowed to remit money from India to Australia by a foreign national by sale of inherited property of India Need your opinion please
Comment from : @qayyummahbub6545

If I transfer money from NRE account to US Bank account, do I need to declare or pay taxes in US?
Comment from : @arunav876

Can you suggest any app to transfer USD 10000 from India to USA Apps like Remiltry or Instarem or Rio Which is best and low transfer fees
Comment from : @Daru5101

Very informative and helpful Thanks!
Comment from : @rudys3649

Thank you for your help!!
Comment from : @prashantdeshpande5090

Hi mandar, very helpful info For examplebrIf my flat in india incurs no capital gain tax after indexation After bringing it back to us Do I have to pay tax here in US ? Pls help
Comment from : @narayanangupta4193

Any tax to be paid after transfer of money from India in US
Comment from : @swarnalathavinjamuri2553

Can you do a similar video on transferring something like a rent on a periodic basis (from NRO to account abroad of the same person) These are called current account transactions as opposed to capital gains transactions that you covered in this video Thanks
Comment from : @pathkris2984

Is there anyway to establish basis for how much was spent building a house Giving some hypothetical information here My dad would have spent about 40 lacs building a house 20 years back He is no more and the bank accounts used in these accounts have been closed long back How do I prove that this amount was spent in building the home to claim deduction from paying tax if I sell the property? There may be a way to get a current appraisal done, to come up with building cost now, but how do we determine the cost incurred 20 years back to prove to any government department as that seems to have a major impact on tax payable
Comment from : @pathkris2984

You have a Monalisa like mysterious smile on your face giving a feeling that you are not disclosing everything you might be knowing
Comment from : @RajivDeo

As usual Mandar has put in his great efforts here too Also please show some light how can Parents remit money to their earning children in the USA? There seems to be only available option "Maintenance of family members " I think it is valid till children were studying in USA Parents want to remit themselves as the children might find to get inherited funds later remitted difficulty Overall amount may be a few lacs of dollars
Comment from : @JagdishKumarbf2a

Thank you for the information!!brWhat if the amount is $30k? we dont need to report at the time of filing?
Comment from : @suwarnadeochake6673

Thanks Mandar for the video How to bring our money earned in USA which i had transferred and accumulated in India in the form of Fixed deposit etc Plz suggest
Comment from : @amitkumarshah4853