DO THIS NOW or PAY EXTRA 2 Lakhs INR for Blocked Account? Foreign Remittance tax increased by 300%
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- Опубліковано 11 вер 2024
- Resources:
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You have done a great favor to yourself by getting a German citizenship Bharat. Well done. You saw all these BS from far 😂
He is blessed , unlike other Indians
@@dayashankar4754 If you have known even 1% of the finance and how economy works then you wouldn't have asked this in a first place. Good Luck 😊
🤣🤣🤣
@@dayashankar4754 Abe tum nhi samajh paoge bhai tumhara kaam bs dusri countries ko nichaa dhikaana h
@@dayashankar4754 Despite the recession, the condition is much better than in India.
the fact that this news is not being covered in mainstream media
Godi media Hindu vs Muslim chate hai 😢
BJP's election fund
True 😂
So somehow government is gonna use taxes for their election? Is this what your analysis is.🤡
Ediot they are not trying to stop this youtuber is just creating Fomo
This Ediot is the youtuber who cannot wish us on 15th August . And has Channel name Bharat
A sad reality 😢😢, thanks to modi govt for the wonderful work 👏👏.
Abe andho idhar modi kaha se aaya ab 😂
@@sjivprathambhatt1015 r u sick?
@@sjivprathambhatt1015 Cylinder p modi ji
Vaccine Certificate p modi ji
Petrol pump p modi ji
Ration ki chawal p modi ji
State election m v modi ji
Tax badhne p modi ji kyu ni bhai?
@@faisalimam2151 de rha hai tabhi chhapwa rha hai
@@sjivprathambhatt1015 to ise v accept Karo with:-
1500/- wali cylinder - 9 saal pehle 450/-
100/- wali petrol - 9 saal pehle 60/-
Waesehi 5% tax se 20%
Accept it bro. Many things are going bad isi lie tm v yaa to Germany aa chuke ho ya aane ki preparation m ho!
2019 se India largest exporter of Students aur sbse zyada Indian Citizenship drop krne wala ban chuka hai bro. Accept these things!!!!!
Hi Bharat, thank you for sharing. I honestly do not think they are trying to stop anyone from moving abroad because they are also aware that people will still leave. They are trying to cash it out honestly. Imagine the amount of money they get even for a year considering that we are the most populous country and so many people leave every year. God, it is becoming difficult day by day to think of living in this country.
Nikal na pahli fursat main nikal
@@siddhartha7349 Hey, I will when I get a Chance. I did Not you for Help. Apna dekh bhai
@@siddhartha7349 tere baap ka desh hai kya?
@@siddhartha7349 burnol du ?
Exactly guys...is desh mei rahna ab mushkil hota jaa rha..i respect the common people here but the govt is making all the difficulties...jisko jab bhi mauka mile nikal lo bhai yaha se wahi acha hai😢
Video with more updates on this topic tomorrow! Unfortunately, the Finance Ministry decided to increase the TCS, without clarifying many individual points. We are reading up on them, verifying and will soon put out another update. The links to the resources so far is in the description.
UPDATE: We made a new video on this matter.
ua-cam.com/video/8xF65BMTM0E/v-deo.html
Pin this comment.
4:36 well said sir❤
Ab har koi chaiwala banenge....... education only for Ambani adani and minister frds
Really helpfull bro. Keep posting informative video bro..
I am immigrating to Germany this September as a student. I got offer letter and Aps
timeline of aps?
Jee neet or competitive exam is really going tougher day by day . Population is also increasing gradually , these ministry are talking very worst decision .
One solution is to ask your relatives living in US or Europe and asking them to pay for your fees. You can pay them back to their Indian bank account.
What about people who have no relatives outside India?
That works
Sbke relatives nai hote 💀
I am sorry, but I just gave one solution. I am not sure of any other solution.
Basically there are many agents through which we can exchange money...they charge around 5 to 10 percent better than 20 percent ryt???
I was saving money and was keep on postponding my master's intake but now more 2-3 lakhs.
when you have 1.4 billion people you cannot provide enough opportunities even if you are the fastest growing economy....
Excuses excuses
When you don’t know how to utilise Human Resources you blame Human Resources
China be like:😁
Such a shame😢
😂😂
Hey Bharat and team, I want to talk about the chaotic situation of APS that is happening here, Please make a video on that too. Consider a person like me who has been working nearly 12 hours everyday from past one year preparing for the masters in parallel with my job as a result I did get admits in 2 good Universities around a month back but today I'm stuck I have quit my Job and I don't have my APS Certificate yet its been 150 days since I applied I can't book my Visa slot and even the visa process will take 3 months. I probably might lose my admission. So, this is what is affecting students like me and there are many like me with absolute no mistake of our own our futures are being ruined. I'm not writing this to showcase my struggle or complain but to say that we are helpless today but you and your team are powerful and have better reach than us. Please do help student like us, I'm sending mails everyday but all I get is ignorance, that's it. This will have serious psychological issues to the students here. So, requesting for your help so that people staying in Germany know what actually is happening and may take some serious required action. Thanks and Regards.
I just read the news, I guess they updated the policies, the tax is still the same till 7lac, after that it's 20%
Is it true?
@@BharatinGermany but what about forex card ...even for that tax will be 20%??
Not exactly. You should read the resources mentioned.
Thankyou so much. I watch all of your videos and get to understand these kind of things.
I will be studying next year in Germany. Can I make an account now itself and tranfer the money? If yes, then whats the procedure?
Brother I'm coming next year . As you said if we transfer from two different accounts will it be a problem????
Good video and informative one,
in india poors are becoming more poor 😊
Shame on you niramala, stopping students from having a better quality of life, why should we be here if don't have a quality life and less then 1% opportunities, shame on you.
I read news articles that blocked account comes under educational expenses. Please research the matter again and throw some clarity on it
This is not 100%. We also have not received any response so far from any blocked account providers.
Bharat Sir,
Can you provide the source of the material for this information. Because in some articles, they said that there will no increase in tcs for health and education related payments, it will remain the same as previous
@@BharatinGermany Sir, i contacted remitout now
They told me that blocked account, university fees all comes under education purposes, as they are mandatory requirements for student visa
@@4n0n4m0u5 r u sure?
@@dayashankar4754 how pathetic. Trying to pick the problems of other countries to hide your now
@@4n0n4m0u5 what's remitout? are they reliable ?
@@dayashankar4754 apne india ka hi dekhle kya haal h Germany usse lakh guna badiya h
I will apply for the summer session in Masters in Germany,
Can someone put sufficient amount in the block account in advance to avoid heavy taxes ?
I work in Germany, but India is well within its right to stop brain drain...if the tide is to be turned, it has to start somewhere. If german govt raises the block acc amount by 30%, students would still pour in without complaining...but if India does it, it is seen as a restrictive practice.....wait for ten years ..we all will be flocking back to the homeland.
Bro there is a reason why blocked account amount is increased, With every year passing the living expenses also increases hence the German government increases the amount so that students will not find it difficult to manage! Whereas 20% tax is gone directly to the government. Only middle class and poor students understand this frustration!
@@designwithash6534 I also came to Germany as a student some years ago...so I understand the pain.....bit this Bharat swine disgraces India. Wanna be white. India is stopping brain drain.There was a time India had no hope..now West is shrinking and India us expanding.
@@PRASHANTKUMARMISHRA-ds4wp Tax money is also yours provided you are not doing tax invasion.
If they really wanted to stop brain drain. Let them abolish caste based reservation system. But in one side keeping caste based reservation and on other side doing this is not correct
A student (or parent) can claim refund of TCS (Tax Collected at Source) charged by the bank in ITR (Income Tax Return).
Can you elaborate
@Kepler Any TCS charged by the Indian Bank can be claimed as refund when the account holder will file ITR.
@@Ezra9o TCS will be actually mean like a pre tax if u already paid Income taxes for the money u send abroad. U can get the TCS as a tax return while filing taxes for the next year
Agreed surely. Fix the pothole on the roads before imposing silly fines.
Just I have confusion, this 20% new rule beyond for 7 lakhs right which was earlier 5%.
No, for every ruppee we sent
@@4n0n4m0u5 OMG 😱
If I'm planning for winter 24 ... I need to open blocked account now and wait for an year to save 2.ish lakhs? Keepin the amount redundant for nearly a year wouldn't be an issue? .... Wtf Nirmala ji
Can i transfer money to blocked account from anyother country other than india?
I have already applied for visa last week…. Will it affect me as well? Because probably I will leave the Country after 1 July….
If u applied for blocked account before July 1st ur safe
Yeh hti kyu ni abhi tk disastrous finance minister!!
I've given my jee exams and haven't prepared for Germany I've just been told about the fact that I can go to Germany but is it too late for me to try?
Sir i did my son's blocked account today and i paid 16000 taxes and they said it is 5percent over 3 lakh rupees and after July it will be ,60 k and this will be reimbursed or adjusted to income tax payment, so this confusion is not necessary in my knowledge and yes it will burden for people for few months and later it comes back to them ,
What about if we take loan (personal loan) , obviously student loan is not possible since no tuition fee?
We can get an education loan bro just talk with branch manager of any bank, He will assist you in that
What if the government changes and this rule gets Removed
We can only dream. But it's not going to happen. You can control idiots using religion very easily.
@@ScarletGhost53exactly....thid propoganda is the main weapon of this foolish government
If I fund my whole study through Education Loan(including block account) then I hope I need to pay only 0.5% TCS...??
Heyy I too have same doubt
no because it's not tution fee actually it's living expenses
Now we need to arrange 13,500(approx) instead of 11,208....😢.Decreasing the foreign education crises and also foreign exchange limits.
What if we take loan and transfer that amount to blocked amount.. then also we need to pay extra 20%?
Yes. It's not education expense it's a cost of living expense
@@ammarahrais4546 that's so disgusting, modi 😡
@@ammarahrais4546 I dont think thats the case, since blocked is very much needed for education, Student Dorms, semester contribution etc
i want to go to germany after 1 year to catch NEXT winter semester's Studienkolleg?
should i make and put all the money in the account now, and block it?
You can wait and do the Same! First try to apply APS Which takes a year to get!
@@lionelragav aps doesn't take a year to get
@@ammarahrais4546 Good Joke! People applied on November 2022 still not received!
@@lionelragav same here, lost all the hope.
@@ayswarya13 We will hope for the best!
Hlo sir I made my block account first week of this month nd bank deduct 5% tcs on my amount but i have a septembar intake nd still waiting for aps , i am worried about that when i will reach germany nd i transfer my funds india to germany then same tcs means 5% deduct or increase to 20% ..? Plz rply ..
When you applied for aps? I have applied in March and still I'm waiting for it
Finally they moved TCS deadline to 1st October 🎉🎉🎉
Then what's the benefit?
Bharat, very good evening. It is not also true what you are explaining. In india there are lots of standard engineering colleges where student can take admission if they are qualified for the study. Students have a fascination to study abroad putting them or their parents in huge liability. In Germany has now also lots of problem. That you know very well. Very little scope for core subject like electrical, mechanical etc. Only IT candidates are having + point. A fresher, what ever the salary they use to get it is also not sufficient as much because 1/3rd of their salary has to pay for their house rent. Prices of essential commodities are also high. There is very little scope of savings. In india, freshers are getting good salary. Germany is still behind the moon as comparing with India digitalization. Lot of paper works and Burocracy. When I have studied in Germany there was no blocked account and taxes imposed on us. I think all that glitters is not gold. Candidates those who are going to study or working over their, mostly are coming well established family moreover their parents are not depending on the money they sent. They sent the money for their own liability they left. Don't mind Bharat, I follow your videos. Thanks to you and best wishes to your wife.
Heyy sir when I leave in Germany than I send money to my parents account how many tax on that amount. Because I arrived in Germany on 2nd July. Thank you
Can we pay in euros straight and at Germany, not as a source in india?
Thank you for this informative video. I have a doubt blocked account. If i block my money in any of the financial institutions such as Expatrio etc. and unfortunately if APS didn’t arrive on time and i couldn’t apply for visa, will i be able to get my blocked amount back?
help.expatrio.com/hc/en-us/articles/360021453020-How-do-I-get-the-Sperrfreigabe-if-the-Embassy-is-closed-
hi bharat,
i'll will be going to germany next year winter sem, can i make block account now?
Commendable job done by mrs sitaraman, these people think foreign countries as a getaway to paradise and India cannot do anything about that. A very good initiative.
And this should also be inc that after 10yrs their indian citizenship should expire as well. We dnt require such brains who drain so easily.
Competition nikal saktay nhi tou nikal lo dedh chor kr
Got into top college of DU in very first cutoff in Econ hons Prog. But the masters in specific field of economics is not offered in Indian unis and even if it's there it's from third Tier colleges and tbh I have a standard when it comes to my education. So, it's not a fault of someone if they aspire to have a world class education and make themselves an asset.
And you instead of belittling ambitious people, contemplate on yourself.
And even if earn in abroad, our incomes would still account in India's GDP under NRI deposits. But yeah if you're that much smart, you won't leave a comment like this. So, pretty much explains ....
@@miyaarora2141 how much of that earnings is deposited by so called NRIs , you should have tried for much elite services of our nation but unfortunately the infrastructure here doesn't suit your " standards "
Okay I agree studying there but 75% of students settle and 100% have to intention to do so.
It's easy to type against the people who are thinking about the nation , preparing regime and policies to cater indian people and indian economy . But very hard to be one of them especially when you are not even from this country anymore
And where were you till now , aaj paise lagnay lage tou neechay aag lag gayi.
Yaha aao vapis courses start karo educate karo view kamanaye main lage hai
@@siddhartha7349 they can do whatever the fk they want, teri itni jal kyun rahi hai? Are they feeding you? Anyways, NRI dollars help to strengthen our economy, and we need that to get our nation towards development.
Sir .... respect to you but that's the thing na .... competition is not less it's huge i myself have given neet and i got 525 with which I'm not left with any option. The thing is a whooping 24lakh students sit for the exam out of which only 30k get over and that's the hell of competition. It's great for those who are the best but do the average indian students don't have any life if they too aspire of having a good life standard. And maybe it's only possible in foreign countries that's the reason na ...ki most of the iitians get out of india. It's great to have sentiments for the country but the problem is here either you have to be the elite class or the poor class to enjoy subsidies and government programmes . The Middle class always suffers the tax burden and gets mostly nothing in return. That's why people aspire of moving to foreign countries where they will be given better facilities than the country. And thing is the here the corruption is not just amoung the government but more than the government the people in itself are corrupted.
@@siddhartha7349 true sir...but i guess views kamaneka toh sabhi sochte hein na...and it is what they deserve if they make good videos.
But why don't you go and watch how many channels are there for NEET,JEE,SSC,UPSC. And other government exams jo ki salon se exams pe naam pe yahi kar rehein hein .. courses launch , views, au sab ..aaj ke din mein coachings in india are a billion dollar business. So , aapko ek tarfa nahin bolna chahiye. No offence to you sir
It's good that way black money will get to government and can use it for better
Bharat very informative video
Make a video on getting it back tho??😁
Hi Bharat,
can someone living in Germany make block account for me for my studies having all my documents.....so that i don't need to do all those transaction in india?
I am waiting for my admit letter for winter intake
Paisa fek tamash dekh 🕺🕺🕺🕺
I haven’t received my aps yet, but can I still put funds in my blocked account? Or is it risky to deposit early and just keep it?
Even I'm yet to receive my APS but I'll block my account as we can save 2lks. you can still remove that blocked account if you are not going to Germany
I don’t think you can remove the money once you’ve put
Should we pay Tax even if we are taking a loan?
yeah for blocked account
Why its needed ?… maybe because of upcoming election 2024
@@dayashankar4754 Don't worry a common German person is still 50 to 55 times richer than an average Indian (looking at Per capita Income), even after they entered recession 😊😊
What if we are taking loan??
No need to pay 20%
@@gowthamku1522 thank god
@@gowthamku1522 hhh? We still have to pay the 20 percent on blocked account..
Kindly delete this video. This video has misinformation and will misguide lot of students planning to pursue education in Germany. That’s why u should always keep ur political agenda aside and make a real informative video to guide people.
What if I want to transfer money from Germany to India? Will the tax still be there
No. Foriegn currency is welcomed. As it increases Rupee value
tax terrorism.
Please provide the website link
economictimes.indiatimes.com/wealth/tax/20-tcs-on-foreign-remittances-under-lrs-finance-ministry-answers-five-important-questions/articleshow/100330650.cms
You can refer this website.
Source?
Your mom's boyfriend
Hi bharat how can we get back the TCS paid?
same question
The person who paid the amount has to file their taxes at the end of the year to get back the entire amount
@@BharatinGermany what about the person who will fund the blocked account money with education loans?
you would have to pay the tax anyways because you are not paying for EDUCATIONAL expenses but your expenses.
The tax is unchanged for university fees or other educational related expenses.
@@BharatinGermany thanks Bharat for clearing the doubts, it really sad how India has been dealing looking towards it
Its so damn ridiculous 😢
She needs money to shine modi's image and bjp
Tcs will help to control the depreciation of Rupee
No it will help BJP to control their funding in election campaigns
Bhai khate peete ghar ke lagte ho
"Ayega toh Modi hi" 🤡🤡🤡🤡🤡🤡🤡
modi govt is a private corporation...
Aayega toh modi hi 😠😠😠😠😠😠
Andbhakts 🤡🤡🤡
Hello brother I have so much questions regarding moving to Germany after 12th where can I contact u