Inward and Outward Remittance Process in India | Ebizfiling

Inward and outward remittance process in India refers to the transfer of money from one country to another. It involves sending money from a foreign country to India (inward remittance) or sending money from India to a foreign country (outward remittance). This process is crucial for businesses and individuals who need to transfer money for various purposes such as investment, education, medical expenses, or personal reasons. The process involves various steps such as documentation, compliance with regulatory requirements, and choosing the right remittance channel. Understanding the inward and outward remittance process in India is essential to ensure seamless and secure money transfers.
In this video, we'll discuss the inward and outward remittance process in India. We'll discuss the different types of remittance and the different paperwork that needs to be filed. We'll also explain the importance of remittance planning and discuss the different options that are available to send money to India.
If you're looking to send money to India, then this video is for you! We'll discuss the different options available and the importance of remittance planning. We'll also give you a brief overview of the inward and outward remittance process in India. So whether you're sending money to your family or friends in India, this video is a great resource!
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[@yash-wo2ne]

Will my bank ask questions if my friend send money to me from Germany to here in India in my savings account just 200 euro .. plz reply

[@anoopkaundal1061]

Hello, thanks for the useful information.
I have one question though.
I am currently residing in Canada and one of my friend from India repaying the money to me through Remittance. He recently shared a status screenshot from remittance saying”Remittance clearance is under process”. What does it mean and how much more time it would take to complete the whole transaction process and when can I see the money in my account?
Thank you so much for your help on this.

[@user-ep4pt9vo1u]

Mam TCS(tax collected at source) will applied for business transactions

[@EbizFiling]

TCS is a tax collected by the seller from the buyer on sale and deposited with the tax authorities. It is applicable on exceptional transactions, most of which are trading or business in nature.
For further assistance, you may get in touch with us at [phone] or mail us at [e-mail].
Meanwhile, you can drop your contact details here and our team shall contact you asap. 🤗

[@ishanagrawal396]

Thank you! How the exchange rate is decided for inward remittance? The rate is different daily? And is the rate different for different banks if yes where can we see the days exchange rate ? Kindly confirm. Thank you!

[@EbizFiling]

You can check daily exchange rates on the respect banks official websites.
For further assistance, you may get in touch with us at [phone] or mail us at [e-mail].
Meanwhile, you can drop your contact details here and our team shall contact you ASAP. 🤗

[@surbhibinnani8373]

Hello!
Want to know if indian company want to register its brand name in foreign countrie , what forms needed to be filled.? Please reply

[@EbizFiling]

You can take Trademark under the Madrid protocol
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[@kunalsaraswat7037]

Agr foreign company n Direct subsidiary k expenses vendor ko pay kiye hai to y current account transaction hogi ya capital

[@EbizFiling]

To get better clarity on your query, please get in touch with us on [phone].

[@deepakbora7271]

If you send money abroad, how many days will it take for the recipient to receive it?

[@EbizFiling]

Depending on the mode of transfer it may take around 4-5 working days for the funds to show in the receiver's bank account.
For further assistance, contact us at [phone] or [e-mail]. Drop your details here, and our team will reach out ASAP. 🤗

[@mkhan13111]

REMITTANCES BY COMPANIES/ ENTITIES means

[@EbizFiling]

Remittance is the transfer of money from one country to another, usually overseas once you receive a bill or an invoice.
For further assistance, you may get in touch with us at [phone] or mail us at [e-mail].
Meanwhile, you can drop your contact details here and our team shall contact you ASAP. 🤗

[@supriyoadhikary5098]

I want some help regarding remittance

[@karanchandnani8169]

Is there any limit for inward remittance?

[@nitinthorat3953]

No

[@EbizFiling]

No- but it depends on the business activity as well.
For further assistance, contact us at [phone] or [e-mail]. Drop your details here, and our team will reach out ASAP. 🤗