How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme
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- Опубліковано 11 лип 2024
- #nri #nrimoneyclinic #financialplanning
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Exactly, Sir! The Definition of What's legal and what's not is constantly changing. Thank God! This channel is clarifying this and more.
I request you to cover how a new immigrant can transfer their funds overseas
Like all your videos this is also superb. Every information is authentic. What a great service! Be blessed always.
Beautifully explained sir. Very useful to common people. Kudos to both sirs👍
A great information and that clears lots of doubt of common man. Thanks a lot.
Very useful information. Details are explained in a lucid manner and cover all kinds of needs/requirements.
Dhanyawad ji for excellent and lucid presentation by SriRam ji and impressive anchoring subject u chose.
Very simplify explanation Thanks you both.
It will be very helpful if you cover NRI inr remittance to foreign
Beautifully Explained, Your effort to simplify rules is praise wothy
Very good interview n good analysis by the anchor n the learned young CA.i am really enlightened.thank you.
This is the best video on FEMA and LRS on UA-cam so far.
Thank you very much
One very common topic touched. Great job!
EXCELLENT INFORMATION.THANKS TO BOTH SIRS.
Very informative. Thank you for a great session and sharing.
Very well explained.
Thank you very much.
It's a big help for us.
Very coherent and succinctly provided information.
Good information, every person whose children at abroad should know about lrs.
Very useful information for students studying abroad and their parents
Thanku very much sir..... This video cleared most of my doubts.... God bless u.... Keep making such informative videos 👍
Awesome content. Liked the detailed explanation.
The best on the subject. Thank you
Thank you very much for all the details provided.
After seeing the title I thought they will talk about how NRI can bring his own money from India to USA 🇺🇸 .. why India make everything so hard I can send money to India 🇮🇳 from USA 🇺🇸 Xoom $50000 easily but not other way around ..
True bro. Did you find the right and most economic way to do so ?
@@sir-cute not yet .. didn’t go India last year ..
I agree. The answer is its a third world country.
good info. There are NRIs who were earlier RIs for long years and have funds earned and accumulated in INR in India. How do such NRIs remit such funds abroad fir their own use/ use off relatives etc
You are right, I just experienced this!!
I have transferred funds to India many times from the US, but when I try to get my money back from india there is a restriction on how I can get to another country every year and I got disappointed..
Unless it is a business bank, I think you may transfer a lot more funds from India. Well, I will get to know about that too..
Very informative and educative. Thank you.
Excellent presentation
Good pronunciation
Thank you thank you thank you
(Please make a reference to GST applicable to Foreign outward remittance)
Thanks for advising on such important issue
very informative, sincerely thank you.
Very good presentation and guidance, without wasting time 🎉🙏
VERY very useful information explained in detail, depth in a easily understandable way by both -CA & Mr Chandrakanth - the questions asked by CK are very relevant and required for those who donot have much awareness about FX ! Great effort. A must watch video. Thanks a lot to both.
Useful.
Dr. Chandrkant your videos was helpful..thank you so much
Very Helpful, my use case I am an NRI wanted to purchase a home and needed some fund from India
Very useful information. Thanks to both. Great.
very useful information. Thank you sir!
Very informative about an issue that is at the back of the minds of a lot of people but didn't know whom to ask.
Very useful discussion. Thank you.
Health Reasons! Any limit other than $250000?
Great Financial matters advise and instructions!
Thanks again!
Many such chartered accountancy related topics r Wellcome!
How about transferring money from my account in india to a foreign account under my name again. Do we have any restrictions?
Could you please enlighten whether to FiIe FORM ODI of PART I. As per my understanding Form A2 laso needs to be filed for Annual performance report. Kindly let me know what are the forms need to be filed and when
excellent video. very informative. thanks
Dear Chandrakant,
I found this video quite useful.
Could you pls. inform how OCI card holders can transfer their INR funds to their overseas account ?
You people are doing a great Job, Please keep Educating, Thanks !
Your spoken statement may be true,Sir. In practice the financial crooks are transferring the Indian funds to their overseas interests without following the rules with the connivance of the bank and government officials, see Neerav Modi , Vijaya Mallyayya and others to name a few .
thanks for educating me
Thank you Sir for valubale insight
Excellent interview.
Very very useful information. Thanks
Useful information.,Thank you
Siram tie brings back memories of my late father, he had one just like that for over 35 years .now I have it .
No one cares about your tie. Did u even take anything else out of this?
Done Great Job!!
Dear Mr. Bhatt, would it be possible for a video about the proposed changes proposed in the 2023 union budget to outward remittance taxation. An increase to 20% from 5% on remittances above $8500 is definitely worth a discussion!
Hello Mr, Bhatt
Can you please reply on this? What are the alternatives to transfer money from India to USA?
Very nicely explained.
Excellent content!!!! Great information!!!! Lengthy video but with lots of details and information. Thank you for making this video.
Highly Informative
Father wants to gift his amount from selling the property to his sons who are NRI, what is the maximum amount gifted to each one of them and are there any tax to be paid?
Can I transfer money electronically instead of going thro a forex dealer or a bank ? Pl clarify
Important topic talk.🇬🇧
I sent my daughter for overseas study, my brother in overseas paid his fees in foreign currency. My daughter has completed her studies and returned back to India.
Am I allowed to remit that amount to my brother.
thank u so much sir
Query:
Individual had a salary account (Resident / Tax paid and returns filed) and later migrated to overseas (Non-Resident) i.e. Foreign bank account.
On 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 ?
Sir, can LRS be used fir the purpose of a cash gift to children or grand children residing abroad ???
Very Informative Video.
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.
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 area.So, what I have to do now????
if I want to return money to my brother (NRI). He has lent it to me. Am I allowed to remit?
Thanks a lot, it was very informative.
Pls explain how we transfer from abroad to india ..n whatis limit in nre acct in one financial year
Can we transfer the funds to abroad from saving account held in India under Repatriation scheme.
Funds transferred from NRE fixed deposits needs to fill Form A2 and declare FEMA not exceeded $250000. Is it for Residents or NRI?
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?
Thank you Sir 🙏
Thanks for the update information. All the best. God bless
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 ?
4:29 things are getting crystal clear only Chandrakanth sir explains :)
Now What is the applicable TRC for NRO account for transfering funds abroad ?
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.
Very useful information. Highly appreciated.
Would appreciate if you could explain the tax implications also for transfer up to INR 7 lakhs.
UpTo 7 lacs per financial year by the same remitter there will be no TCS amount exceeding seven lacs will face 5% TCS
Very appropriate & this makes the matter crystal clear !
Very good information, learned new thing about TCS. Thanks. Can you make a video of transferring funds from NRO to NRE account?
This video is already there on the channel
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?
Thanks Sir good information
Sir, what is capital account for resident indian or when required to be opened by a resident indian
I want to send money for imported goods which I will sell here, will that also comes under LRS?
Can a resident do it for his son or daughter who are actually not NRIs but are citizens under the clause parents are of indian orig
Is it possible i cn get in touch wid a CA wid experience in saefarers and from mumbai
Dear sir. I am an NRI since last 10 years. Before leaving INDIA I had a business in india for which I was paying taxes and continue to do so.
I had a couple of Fixed deposits from my business and I had a couple of fixed deposits in india previous to me leaving INDIA.
These when matured went into my current account and NRO account.
All these fixed deposits were covered under my ITR and taxes paid.
When I transferred the money overseas to my own account from both the accounts I was asked to submit a 15 CA form and there was no tax deducted. (TCS) Is this correct ?
As per the information it is correct…
Sir Good information. One clarity required - Is this limit of LRS or USD 2.5 lac also applies for the resident transfer to Non resident in its NRO account?
Sir how can NRI transfer income on immovable property( in India) it it taxable or can transfer as self remittance
This is very informative pl let us know the rate of sending money which is very complicate and let of people facing of over paying for sending the money outside india
Will the remitted amount be taxed in foreign country?
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?
Very nice information
Hi how much do u charge for financial planning
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.
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?
Can anyone help, thanks.
Excellent information
At one point your expert said even a loan given to a son by father comes under lrs? A child can be given any amount as a gift correct? How do you distinguish a loan with out interest from a gift?
Very debatable issue… it all depends on execution of transactions & documents/evidences in that aspect…
If someone wishes to gift an amount to his child who is now foreign citizen ( person of Indian origin) do the same rules apply ?
Yes
@@NRIMoneyClinic Thanks 🙏
Very well made instructional video. Saved the 5% levy on txns for the last 5 mins. 😄🙏🏻
Can you help me ?
A very good video covers all aspect. Thank you so much! One quick question. Do we need to fill A2 even when a parent gift money to his son/daughter who is an NRI by transferring from resident indian account to NRI's son/daughter NRO account in india?
No such compulsion now on payments to NRO account from resident account as it is not repatriated from India...
@@sriramrao2514 Thank you so much Sir!