Title | : | NRI Special Episode Transfer Money Out Of India How To Do It Legally ? |
Lasting | : | 23.56 |
Date of publication | : | |
Views | : | 85 rb |
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Grant service to NRI community Thanks Comment from : @azmathullashaik1544 |
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Please add OCI holders in the mix and bring out any exceptions Thanks Comment from : @barasra8847 |
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How do NRIs transfer funds withdrawn from PPF to foreign countries ? Comment from : @rangarajangovindarajan1716 |
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Can an NRI, transfer money delderived from closure of his PPF Account,/del to his account in a foreign country ? Comment from : @rangarajangovindarajan1716 |
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Thanks for valuable information Need to know after satisfying India taxes what taxes and forms we need to do in USA to get the inheritance money released Comment from : @gigglobalministries3275 |
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Thanks for very excellent response Comment from : @sukhrajbath5472 |
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This video should be titled 1 million scheme Hardly any information about regular repatriation, outside of 1 Million scheme Comment from : @MonikaGuptaFineArt |
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Does a NRI need to file a A2 form transferring money from NRE account to an account abroad Comment from : @bernadettefernandes1758 |
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In handi pl Comment from : @kalpeshpatel-j5m |
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Too much of focus on 1 million dollar scheme I was looking for some clarity on TDS of 20 but that was just a minor side note of this conversation Comment from : @chatsomil |
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Gift to spouse in foreign country Does the remittance covered under this act? If not what to be done? Comment from : @GoatORBLX |
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Please do videos in hindi Thankyou very much Comment from : @thakorpatel2522 |
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A good video sir Comment from : @gaurangadas2630 |
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Can money be transferred from NRO account to foreign account of self Comment from : @gaurangadas2630 |
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Modi only wants NRI's to pump money inside India , not withdraw their money , while he does NOTHING to ease our travel or improve banking in India Comment from : @samrat55934 |
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RBI Circular RBI/2015-16/78
brMaster Circular No 2/2015-16 -No-5-B Debits
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br(i) All local payments in rupees including payments for investments in India subject to compliance with the relevant regulations made by the Reserve Bank
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br(ii) Remittance outside India of current income like rent, dividend, pension, interest, etc in India of the account holder
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br(iii) Remittance up to USD one million, per financial year (April- March), by NRI, subject to payment of tax, as applicable
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br(iv) Transfer to NRE account of NRI within the overall ceiling of USD one million per financial year subject to payment of tax, as applicable
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br6 Remittance of Assets
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brA citizen of a foreign state, not being a citizen of Nepal or Bhutan or a Person of Indian Origin (PIO), who –
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brhas retired from an employment in India, or
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brhas inherited assets from a person referred to in sub-section (5) of Section 6 of the FEMA; or
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bris a widow resident outside India and has inherited assets of her deceased husband who was an Indian citizen resident in India-- Comment from : @creative27feb |
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🙏🙏🙏I love the invaluable information, the format, the accent(people may not like it, but I loved it), the phraseology and expression, and the absolute clarity it brings to the subject 🙏🙏🙏 Comment from : @greeneyed-px5pd |
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great session thank you Comment from : @vnairchannel |
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Good Comment from : @piyushkumarpatel3183 |
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Appreciate all the informative videos Very usefulI have 2 doubts in this regard1-Is Interest received from NRE FD can be repatriable same as NRE remitted fund? 2- Under which scheme I can remit Income from Non-PIS Demat Account received to NRO ac after taxation to my foreign ac? Any documentation required on the same ? Comment from : @shabeershukkur3754 |
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money got from selling of property can it be sent to nro account from India ex from Sbi bank? Comment from : @praveensaml |
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How to contact to you Mr Sriram’s I am from USA Comment from : @venkateswararaoMaddula |
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If I get money by sale of property how to get it transferred Comment from : @aryaratnabakshi7406 |
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If I need your services how to connect Comment from : @aryaratnabakshi7406 |
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SirbrWould you please post a video on the following br1after death of a person some amount of interest on account of FD (remaining till date of maturity) is credited and TDS is effected brThe nominee or legal heirs decided to close it only on maturity br2under such circumstances who shall file IT RETURN and the procedure br3whether Return can be or cannot be filled through the Profile of the deceased person or any alternative is therebr(FD interest is only an example-it can be any other income like dividends or rent or pension payments /arrears or anything like thatbr3who legally bound to file the Return and to remit balance tax if any or claim refund as the case may be Comment from : @sreedharanmenokey3488 |
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Marvellous Comment from : @ramakrishnaprasad4042 |
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Hi Sir,brIf a person went for Masters to US 2 years back and has now started working there but still doesn't have converted savings account to NRE and NRO accounts in India, what is recommended to avoid penalty : Should the existing savings accounts be converted or should those be closed to avoid penalty and new NRO account be opened? Comment from : @PKSaini-nd1js |
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How much money in form of money can be gifted to nri daughter from indian parents Comment from : @preetijain5518 |
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Thanks to Dr Chandrakanth Bhat & Mr Sriram Rao for sharing so much of valuable information to benefit the NRI's Comment from : @Pattt72 |
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My question is related to transfer funds from my India NRO account to my own account in UK for my monthly expenses I wish to transfer £2500 per month What rules are applicable to mebrShekhar Comment from : @shekhargupta715 |
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Good work and helpful information Comment from : @manjiyilsk7539 |
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If the amount from NRI account from INDIA is trd to his own account at abroad under One million scheme is 20 tcs applicable Comment from : @easwariram1940 |
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Can NRI transfer his money to His NRI children under 1 million scheme? Comment from : @dipenmehta4656 |
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Sir,brI am NRI account holder My NRI states expired six month before My NRI account is joint account with another Nri I want to know my nri status to continued as it is Comment from : @sankarnarayanan9775 |
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How to transfer money abroad to another person or a university from my NRI account? Please make a vedio if possible Many parents whos kids are studying abroad have this problem Comment from : @dkpelect |
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Is it worth to have 1 carore fd nre? Comment from : @jayloving2005 |
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Hindi and gujrati ma episode Comment from : @bharatdalsania421 |
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it's better for all NRI if you speak in Hindi Comment from : @YK-we6vh |
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good info Comment from : @DilipKumar-kx8zq |
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Excellent information Comment from : @ShailendraKumar-ec5ry |
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Is NRI need to have (must have any bank account) in Indian bank? And how NRI can transfer money from India WITHOUT any bank account in india? Comment from : @ps54955 |
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Sir I am us citizen and holding OCI cardbrFrom my NRE account I give loan of 5 lacs to my unclebrNow that amount is refunding my uncle That cheq should be deposited in NRE or NRO account? Please guide me Comment from : @Sanapsaheb |
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An excellent conversation with fine clarity by both of you The points got summed up in such a simple way for easy understanding by all Great job done 🎉👏👏 Comment from : @gopiexim |
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Can a resident Indian transfer money to his non resident son or grandsons account? Comment from : @pradeepkulkarni5526 |
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SBI insist on CA certificate for transfer of my pension for my maintenance brI am paying regular IT filing ITR having single bank account in sbi only brMy friends having other bank account are not insisted for CA certificate brAny way out Comment from : @pdkumar9220 |
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Sir, My relative presently an NRI, has one S/b account in India when she was working in India Now her earlier PAN Card is not valid since there is no income generated in India My point is whether she can remit money to her Indian account from abroad and withdraw funds for maintaining her expenses while her stay in India The excess funds if any she wants to take back to abroad also Whether there is any restriction of taking back the money at the time of her converting the funds before departure Shall be grateful if you kindly enlighten us the procedure Comment from : @sbhattacharya9095 |
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Instead of questions and answers from the beginning, it would have been better if the CA explained things systematically first to be followed by clarifications if any Flow will be good Comment from : @RonyR785 |
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One of the best information Keep the good work ❤❤❤ Comment from : @Zubair21 |
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I am retired Indian Government official currently living in the US and receiving pension in India How can I receive my pension in USA Comment from : @omkalia4748 |
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Demat savings account which is ordinary acct Are you allowed to tranfer this balance to outside IndiabrIf so please give me your feedback brThanks Comment from : @theophilusdsilva8531 |
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AD has their own rules over and above CBDT IT RBI etc and insist for doc not called for and makes life of remmitter miserable, how to deal with them, it is initiated at lowest level and none of the superiors support the customer particulaly in HDFC Comment from : @MushtaqueMerekar |
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Dear Sir brmy question is i am Indian retired i have two children son born in Berlin Germany and daughter born in Chennai India, at present they are holding German passport and oci card and are living in Europe brI have to transfer 13 lakhs to my daughter account , which is the best way to transfer regards Comment from : @prasannabieber |
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I am retired person, can I buy a property in USA from India? Comment from : @ravindrakamble9208 |
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How much money can a indian mother gift to her NRI daughter in America Comment from : @preetijain5518 |
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I have my old life insurance which I need to surrender and transfer money to USA May be just couple of thousand dollars What is the procedure After becoming US citizen Comment from : @shanukapoor |
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Below average articulation and communication needs to be more user friendly Comment from : @ravs81 |
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Very informative, thanks for the service !!!brMore, would you kindly explain about Old Gold sold now is taxable, if so what's the process?brIs it taxable at the time of sale (TDSbr deducted?) or taxable at anytime? Comment from : @samkeighley |
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Thank you for the video Comment from : @leolasrado1881 |
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Extremely helpful videos! Have covered every single topic one could think of A suggestion: Would be incredibly helpful if you created a sort of 'cheat sheet' ie, a PDF with key takeaways from the video, maybe in the form of a newsletter that people can subscribe to brbrI find myself taking a lot of notes during the video because there is so much information, but at times it becomes overwhelming and end up dropping mid way Comment from : @nikhiljain3917 |
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Can a foreign passport holder, take a loan using his own property in India and repatriate it from his NRE/NRO account to abroad? Comment from : @mariaramesh2944 |
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If the NRE a/c is in joint names can each individual transfer $1 million? Comment from : @ronniecherian4014 |
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How can I sell a agricultural property which I bought 10 years ago without knowing NRI can not buy or own agricultural property Comment from : @JeevaKoodalingam |
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Excellent information, Especially DrChandrakanth Bhat excellent questions and making the normal persons Comment from : @deenadayalanthirumala2318 |
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Soooo many forms and soo much approvals and process It's such a pain Problem is very very few CA'sankers are aware of the process, so each person to comes up with their ownbrbrWorried about disposing my Ancestry assets Might reach out to you guys when the time comesbrbrThanks for the info Comment from : @krish955 |
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What about maturity of LIC money can this be remitted under the million dollar scheme? Comment from : @stellakakade7391 |
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In one million dollar remittance can it be made in 2 financial years if the proceeds are more than 1 million dollars ie on 31 st March of one financial year and 1 million dollars on 1st April as it is considered next financial year Comment from : @srikrishnapadyaalu4445 |
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One of the most important subjects has no clarity online NRI and stock market brbr1) what happens if someone was exercising stock market portfolio AND LATER becomes an NRIbrbr2) do they need to open a pis or non pis account even if they are only using the existing Indian funds and not bringing in any foreign money in to Indian market brbr3) are there any penalities for not doing so as most of stock brokers don’t follow this practice and have no detailed information on the samebrbrbr4) of one has already converted the SB account to NRO and are paying all takes on earnings from stock market … Do they still need a PIS or Non PİS account brbrplease note the money used in the stock market was from Indian sources and prior to becoming and NRI Comment from : @shirazfarooqui |
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So can’t send money without bureaucracy and banker shit … Why when you send money just use an app but when you want it bend backwards and show documentation,, for your own money no wonder people leave Comment from : @ravit3010 |
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If an NRI has rental income how much is the TDS deducted at source brA resident income from is deducted only 10 at source & why NRI is liable for more TDS at source Comment from : @DeepakDhawan-y4s |
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Thank you for this very knowledgeable episodebrbrI would request you to kindly make one episode on NRI investments in GIFT CITY Gujarat Comment from : @bharatkhatri6860 |
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Can money sent from NRE without any issues? Thanks 🙏🏻 Comment from : @shanmugasundaram6625 |
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Given the situation, "How to transfer money into India?" would be more appropriate Comment from : @rakadus |
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Does investment in GetStake or Smartcrowd by a resident indian will fall under LRS Comment from : @AsitKumarGupta |
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I have property in India I am trying to sell how I could bring the money to us Comment from : @fiazpapa1303 |
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Hi there! I am a Spanish national - no connection with India (never visited India) I now want to invest in Indian Stock market as I see India as a fast-growing economy Can you please advise the below ---- 1) What is the type of account I need to have to invest in India Stock Market? 2) What are the documents I need to keep ready to open these accounts? 3) I do not want to open any account which is taxable as of now, since I do not plan to sell stocks ie at the moment, I only want to put money in the stock market - not remove Comment from : @CosmasAlmeida |
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Thank u, mr bhat and mr rao for updates on this issue Highly appreciate ur efforts I just need a small clarity that nri having only nro account can transfer his own money earned as interest and fd interest to his overseas bank account? Is there any limitations to it? Comment from : @sunildevidasani1225 |
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My uncle has a SB account with about Rs15L He is now a US citizen and wants to convert into NRO acct can he transfer after changing on next visit or is there a waiting time Comment from : @checkreality6209 |
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Finally got some useful information from your video Thanks Comment from : @VrkPeru-nw2uv |
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Very hard to understand, he seems to be simply reading from Google and making a point Please make it easy to understand, we don't know the CA's terminologies Comment from : @cyberbud |
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Shit Rao Seiram CA Rao a bc d shit Comment from : @ravit3010 |
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Ca Rao Comment from : @ravit3010 |
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How many times willbrYou say his name !! It’s annoying uncle Comment from : @ravit3010 |
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It is not clear regarding 15CA and 15CB For transferring funds from NRO to NRE or for outside India of NRI, bankers are insisting for the above forms, if the transaction is regarding sale of house property Should we give or not??:Clear answer please Comment from : @chandramouliramachandran4217 |
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What's the most important requirement of NRIs is Dual Citizenship What you are talking about is how increase the Forex Reserve for Indian Government Comment from : @ramachandrandevasundaram |
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NRI money clinic videos are useful, but in a sense, incomplete as it doesnt mention the tax liabilities of NRI in the country they are Tax resident Some of the smart ways discussed as money saving ideas may not be as good in effect brbrEither you should keep putting disclaimer every opportunities or include someone familiar with Tax rules in western countries, most have similar rules but fine points may vary Comment from : @AbubackerSiddiqPulakal |
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Kindly make clear how a resident parent can transfer funds from sale of property to their OCI children? How to get permission from RBI Comment from : @rugminir8169 |
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