How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme
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- Опубликовано: 12 июл 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
Beautifully explained sir. Very useful to common people. Kudos to both sirs👍
Like all your videos this is also superb. Every information is authentic. What a great service! Be blessed always.
This is the best video on FEMA and LRS on RUclips so far.
Thank you very much
Very simplify explanation Thanks you both.
It will be very helpful if you cover NRI inr remittance to foreign
Very useful information. Details are explained in a lucid manner and cover all kinds of needs/requirements.
A great information and that clears lots of doubt of common man. Thanks a lot.
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.
Dhanyawad ji for excellent and lucid presentation by SriRam ji and impressive anchoring subject u chose.
One very common topic touched. Great job!
EXCELLENT INFORMATION.THANKS TO BOTH SIRS.
Very useful information for students studying abroad and their parents
Very informative. Thank you for a great session and sharing.
Good information, every person whose children at abroad should know about lrs.
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.
Excellent presentation
Good pronunciation
Thank you thank you thank you
(Please make a reference to GST applicable to Foreign outward remittance)
Very well explained.
Thank you very much.
It's a big help for us.
Thanku very much sir..... This video cleared most of my doubts.... God bless u.... Keep making such informative videos 👍
The best on the subject. Thank you
Awesome content. Liked the detailed explanation.
Very good presentation and guidance, without wasting time 🎉🙏
Very coherent and succinctly provided information.
Dr. Chandrkant your videos was helpful..thank you so much
Very informative and educative. Thank you.
Very useful discussion. Thank you.
Thank you very much for all the details provided.
Very useful information. Thanks to both. Great.
Thanks for advising on such important issue
Very Helpful, my use case I am an NRI wanted to purchase a home and needed some fund from India
Health Reasons! Any limit other than $250000?
Great Financial matters advise and instructions!
Thanks again!
very informative, sincerely thank you.
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 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 very useful information. Thanks
Many such chartered accountancy related topics r Wellcome!
Excellent interview.
Thanks a lot, it was very informative.
Very well made instructional video. Saved the 5% levy on txns for the last 5 mins. 😄🙏🏻
Can you help me ?
You people are doing a great Job, Please keep Educating, Thanks !
Done Great Job!!
Thank you Sir for valubale insight
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?
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?
excellent video. very informative. 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 .
Very appropriate & this makes the matter crystal clear !
Thanks for the update information. All the best. God bless
Excellent content!!!! Great information!!!! Lengthy video but with lots of details and information. Thank you for making this video.
Useful information.,Thank you
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
Important topic talk.🇬🇧
Very nicely explained.
thanks for educating me
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 ?
Highly Informative
A good service by NRI Money Clinic.
thank u so much sir
4:29 things are getting crystal clear only Chandrakanth sir explains :)
Very Informative Video.
Good analysis
Thank you Sir 🙏
Good subject and good attempt
Thanks Sir good information
Very nice information
Excellent information
Very informative and useful.
Please explain how regular pension can be transferred from India to say USA
When you conduct a discussion like this both or all people should be visible in the frame.
Valuable informations
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
Very good and necessary information. Thank you, sir.
Very informative video, in simple language. Can you please give information about the income-tax liabilities on gift given to a married daughter by father?
There is already a video on Taxation of Gift... watch it and be guided...
Very aptly put.This is an year old video.DR Sahab does the information still hold good?Have the rules changed?Thank you again.
Very much valid
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
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!
Thanks
Found your presentation very informative. Could you kindly advise the protocols for transfer of INR overseas by a NRI to a foreign national. Thanks
There are many videos on this topic on this channel. Please search through appropriate playlist on the channel
Excellent
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…
Greater Video! One question, can an NRI with NRO Account gift money in INR to his pairents or Relations from his NRO account?
Yes, can...
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..
How about transferring money from my account in india to a foreign account under my name again. Do we have any restrictions?
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 🙏
Pls explain how we transfer from abroad to india ..n whatis limit in nre acct in one financial year
Thank you such a wonderful information.
One question regarding education loan.
I am a parent and funding my child's education .
Is it treated as education loan?
What documents to provide to show to
this as education loan?
Education loan means the one taken from financial institutions or banks for educational purposes
Good.
Very informative
Very well explained. It was very helpful & informative was looking out for this info.
As I have done remittance abroad of 6.70lakhs filling A2 form. But I feel hdfc bank should not have collected tcs for this transaction. What is to be done. Can you advice..thanks.
You may adjust the TCS already paid against the IT return that you would file for that particular financial year.
TCS will be levied @5% on amount exceeding seven INR per year under same PAN
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.
Please also add bank accounts ... Which bank account debited domestic/nro.... Which account the amount credited NRE/FCNR...etc...more helpful to us
Thank you so much for clarifying. Is there a video explaining giving of money as a gift from a resident Indian to a NRI in Canada?
There is a video on taxation of gifts on this channel
@@NRIMoneyClinic Thank you !
How about Repatriation of money invested in India in Foreign currencies , the interst, profit, principal and inherited asset, Indian Rupee money?
Sale money of Inherited Residential asset by diseased OCIs by heirs of diseased OCIs?
Thanks!
Sir, what is capital account for resident indian or when required to be opened by a resident indian
Pls clarify is TCS form is required for transferring funds overseas to my child, from my RFC account.
While making payment from RFC the same will automatically be considered under LRS & TCS will directly be collected by banker, if the same becomes applicable… no separate form for it…
Thank you very much. My doubt about TCS got cleared. Even if you have to pay TCS, it can be adjusted or claim refund in the Income Tax return of the subsequent year.
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?
excellent
Very good information like to know how an OCI could transfer money from India to a foreign country and what’s the upper limit
There is one more video on this channel explaining $ 1 million scheme... you can watch the same and be guided...