Repatriation of your own money from India to USA

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  • Опубликовано: 1 мар 2022
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Комментарии • 371

  • @MandarKasture
    @MandarKasture  2 года назад +2

    If you have questions and need my opinion contact me at www.patreon.com/wisdomtrends

  • @rameshjhamnani6552
    @rameshjhamnani6552 2 года назад +22

    Very helpful video. Just to add to the information on the capital gains tax in India. If you bought a property for 10 lacs, 10 years ago, you are allowed to adjust its value for the inflation. In your example you sell that for 50 lacs. So you will not pay tax on 40 lacs, but on a much smaller amount since that 10 lacs will be adjusted for inflation to 16-17 lacs, per the formula provided by the IT department.

  • @shellgem
    @shellgem 2 года назад

    Thanks a lot Mandar!!!
    You have provided answers to all the questions that I had in my mind.

  • @subirc1
    @subirc1 2 года назад +3

    You touched upon a topic that many of us have been wondering. This was a good! Thank you.

  • @madwait1971
    @madwait1971 2 года назад +1

    I really liked this one as I was looking to get these details. Thank you very much for the services.

  • @rohansp1
    @rohansp1 2 года назад +1

    Quite resourceful this video. Need to keep legal things in mind while doing financial transactions. Thanks for sharing Mandar.

  • @thatsmesupremeone5649
    @thatsmesupremeone5649 2 года назад +8

    Your summarized version made such a big topic into a simple one . Infact, you may have spent time on researching for us and made it easy to understand and as well as useful within 15 mins of narrative. Great job and thank you for all your time and effort . 👍

  • @vvvxravi
    @vvvxravi 2 года назад

    Subscribed and liked. Thanks for all the very useful information you share through this channel.

  • @krish9250
    @krish9250 2 года назад +1

    Very informative and helpful video. Thank you!

  • @taninderkaur2231
    @taninderkaur2231 2 года назад +1

    Great work, thanks for the information! Liked and subscribed😊

  • @antonyraj3727
    @antonyraj3727 2 года назад +1

    Subscription added with bell icon. I have liked all your videos from the beginnings. Thanks for your very clear useful descriptions for the people in timely need.

  • @arvindnarsing23
    @arvindnarsing23 2 года назад

    Subscribed and liked. Thanks for all the very useful information!

  • @intellogo
    @intellogo 2 года назад +1

    Hello Mandar,
    Have liked and subscribed.
    Awesome videos anyway which I've been watching over a year.
    Thank you very much!

  • @SaugatDhar
    @SaugatDhar 2 года назад

    That's very useful Mandar. I have been following your channel ever since my priority dates became current and even after receiving GC, I regularly follow your channel as I find very useful info. Anyway, I was already subscribed, so sent a "like" your way!!

  • @himanshusinha626
    @himanshusinha626 2 года назад

    I have been watching you videos from long time and really amazed by content you chose and put. This is the information was looking from long time. Thanks for sharing this . It is really helpful

  • @AnilKumar-bd9pt
    @AnilKumar-bd9pt 2 года назад +1

    Very useful info. Thanks a lot!

  • @JVR2019
    @JVR2019 2 года назад +1

    This is extremely helpful. Thanks a ton!

  • @thomasalexander498
    @thomasalexander498 2 года назад

    Subscribed and the video is good. Much needed topic after many got their green card last year

  • @nigamanandadas4700
    @nigamanandadas4700 2 года назад +1

    Very informative and useful video. Thanks Mandar!!

  • @theeverything9
    @theeverything9 2 года назад

    subscribed and liked the video! thanks for making such videos!

  • @ZeeshanKhan-pp2qm
    @ZeeshanKhan-pp2qm 5 месяцев назад

    Thank you Mandar sir for collecting all the information and summarizing the same in the video. It is indeed helpful!
    Agdi mojkyaa shabdat aani sopyaa bhashet 👍👌

  • @jaspreetsingh7423
    @jaspreetsingh7423 2 года назад

    Well researched information as always. Thanks Mandar!

  • @vishakaraid
    @vishakaraid 2 года назад +1

    This was very Helpful !!
    Liked and Subscribed !! Good Work.

  • @aloksaxena3684
    @aloksaxena3684 8 месяцев назад

    Awesome!!! Thank you for great info. I was desperate for this info to support from son’s education.

  • @tapas03
    @tapas03 2 года назад +3

    Hello Mandar, first of all, a big Thanks to you for all your videos. Those are excellent and clean on every topic you chose.
    Regarding selling a property in India - I am in talks regarding selling my properties in India and what I heard is below ( I am not sure if these rules are only for properties worth > 50 Lacs).
    1. First, the buyer needs to get a TAN
    2. CA will take your Indian IT return details of the last 4-5 years, property papers, and current buyer-seller agreement
    3. CA will calculate and apply for a "Tax Certificate"
    4. Buyer will deposit the TDS (as per the calculation on the Tax certificate) on seller's behalf and give the challan to the seller (that is me)
    Once the property is sold and money comes to the NRO account then only CA would create Form 15 CA/CB which will be required to repatriate the money.

  • @harishch
    @harishch 2 года назад +1

    Thanks Mandar!. This is very useful. Liked and subscribed 👍

  • @vvmane2004
    @vvmane2004 Год назад +1

    Thanks a lot Mandar, This is exactly what I was looking for.

  • @ameyparanjape3292
    @ameyparanjape3292 2 года назад

    Thank you Mandar for sharing this!

  • @snehami1
    @snehami1 2 года назад +1

    Thank you for providing this information..thank you very much!! Subscribed, liked and commented 😀

  • @rudys3649
    @rudys3649 Год назад

    Very informative and helpful. Thanks!

  • @amruthabaskaran530
    @amruthabaskaran530 2 года назад

    Liked and Subscribed! This is a very informative video. Thank you.

  • @arunkachroo9666
    @arunkachroo9666 2 года назад +1

    Thanks for the information!!!

  • @ramchanderjakkula5747
    @ramchanderjakkula5747 2 года назад +2

    This is one of the most important topics that is explained in very simple way.
    Thank you!

  • @TS-od4jv
    @TS-od4jv 2 года назад +1

    Thank you Mandar for informative video. Liked video and already a subscriber.

  • @haranadhareddy207
    @haranadhareddy207 2 года назад

    Very helpful & very well compiled Vedio I come across on this subject. Thank you Mandar sir

  • @mohitkarir2137
    @mohitkarir2137 2 года назад +1

    Hi Mandar… great stuff!!!

  • @velankrishnan8887
    @velankrishnan8887 2 года назад

    This information is awesome. Thank you so much

  • @sparklesnani
    @sparklesnani 2 года назад

    Subscribed and liked the video. Very helpful information.

  • @jatinfrost
    @jatinfrost 2 года назад +1

    Thanks Mandhar. I really like your video’s. Liked and subscribed to your channel…

  • @prachibankar1848
    @prachibankar1848 2 года назад

    Liked and subscribed! Informative video as always!

  • @harishnarayanappa8347
    @harishnarayanappa8347 2 года назад

    Thanks for providing informative information on this topic.
    Subscribed, liked and commented

  • @instaranjanvlog
    @instaranjanvlog 2 года назад +1

    Subscribed and liked.Great topic 👌👌

  • @pv741
    @pv741 2 года назад

    I am in an exact situation as described and find this information very relevant. Thank you!!

  • @rahulprathik1958
    @rahulprathik1958 2 года назад

    Good info. Liked and subscribed!!

  • @pratikspai
    @pratikspai 2 года назад +1

    Thanks for the informative video! 👍🏻

  • @chnrbk1
    @chnrbk1 2 года назад

    Subscribed and liked. Very informative 👏

  • @AvinashGadde
    @AvinashGadde 2 года назад

    Thanks for the nice and simple videos and info on immigration !! Sub n liked.

  • @lalypaly
    @lalypaly 2 года назад

    Great! That was very helpful.

  • @MrSheru4uall
    @MrSheru4uall 2 года назад +1

    Had many questions about this topic. Thanks for clarifying them

  • @priyalchitre
    @priyalchitre 2 года назад +2

    Thanks Mandar for sharing this information.. was very helpful. One quick question... After I declare the transfer of funds with IRS in US is there any tax deducted for this transferred amount in USD?

  • @shivathudimilla9751
    @shivathudimilla9751 2 года назад +1

    Liked and Subscribed. most awaiting topic.

  • @digishigi
    @digishigi 2 года назад +1

    Liked and subscribed!! Also make a video on US to INDIA transfer options, limits, tax clauses etc

  • @SaravananSekar79
    @SaravananSekar79 2 года назад +1

    This is useful info. Thanks for this video.

  • @prakashdomala160
    @prakashdomala160 2 года назад

    Thank You for the good information! BTW I liked it .

  • @yadavhemant
    @yadavhemant 2 года назад +1

    Thank you for this information.

  • @tejalbjadhav
    @tejalbjadhav 2 года назад +1

    Hello Mandar, thank you for sharing information on this topic. I enjoy your content, its very informative. Also, liked and subscribed :)

  • @rajaramsrinivasan4731
    @rajaramsrinivasan4731 2 года назад +1

    Liked and subscribed. Very useful info

  • @bhaskarsp2179
    @bhaskarsp2179 2 года назад

    Subscribed and liked. Very useful information.

  • @vimalrajnarayanaswamy1344
    @vimalrajnarayanaswamy1344 2 года назад

    Thanks Madhar, nice and helpfull video. I have a question on the source taxing, do we need to pay 15% TDS for the sale deed plus 20 % for capital gain?

  • @PenMax95
    @PenMax95 2 года назад

    Thanks Mandar. This is really helpful

  • @Samanvayy
    @Samanvayy 2 года назад

    Great information. Hope you would share one for moving funds from US to India and the various regulations around it. The framework, implementation and awareness on the Indian side is really poor. Also would love to see some information around visa stamping limitations with approved petitions.

  • @vrpatil
    @vrpatil 2 года назад +1

    This was very insightful. Thank you

  • @raichurbabu
    @raichurbabu 2 года назад +1

    Also i have subscribed your channel for immigration updates. In fact, i wait for your video which is coming after visa bulletin release. Thanks much

  • @srikanthmetlakunta5806
    @srikanthmetlakunta5806 2 года назад +1

    Thanks for the information. Liked and Subscribed

  • @analysta7025
    @analysta7025 2 года назад +1

    Your videos are very informative. I subscribed and liked your video

  • @darshangurubaxani6587
    @darshangurubaxani6587 2 года назад +1

    This is really great piece of information, Mandar 👌👌👌. Thank you so much!!
    Liked and commented 😊. Already a subscriber 😊

  • @playerredteam6804
    @playerredteam6804 2 года назад +1

    I was waiting for this topic, thanks

  • @srinivaspoda
    @srinivaspoda 2 года назад

    Thanks for sharing this info.

  • @ravikumardasari2391
    @ravikumardasari2391 2 года назад +1

    Very useful Video Mandar. Thank you

  • @sourabhsoni9070
    @sourabhsoni9070 2 года назад

    I have liked and subscribed this channel, since, it provides very useful and valuable information.
    Mandar deals with important issues for people in US and Canada with such ease, love it, thanks :)
    Recommend everyone to join and learn.

    • @MandarKasture
      @MandarKasture  2 года назад +1

      Saurabh Thanks for your kind words and welcome

    • @sourabhsoni9070
      @sourabhsoni9070 2 года назад

      @@MandarKasture Looking forward to more learning experiences with you, thanks for all that you are doing for everyone, much appreciated

  • @ravikiranthallapalli8561
    @ravikiranthallapalli8561 2 года назад

    Subscribed and liked.
    Very informative videos.

  • @RamanKumar-fy9cn
    @RamanKumar-fy9cn 2 года назад

    Very useful information, also subscribed & liked 👍 😀

  • @raichurbabu
    @raichurbabu 2 года назад +1

    Hello sir, this information is very helpful. I was looking for this information for a while. Now i feel good and comfortable. Thanks much for all your support and guidance.

  • @chandrasekarmohan4538
    @chandrasekarmohan4538 2 года назад

    This video is very informative! Wondering if there is any additional tax or transfer fee on top of the capital gain tax!

  • @arvindgoudar1586
    @arvindgoudar1586 Год назад +1

    Thanks for the precise and clear, to the point explanation. ✌

  • @srilakshmibhamidipati2533
    @srilakshmibhamidipati2533 2 года назад

    Thank you Mandar....it helps us a lot...

  • @maheshr8841
    @maheshr8841 2 года назад +1

    Very helpful. Thank you.

  • @sagarfaldu8039
    @sagarfaldu8039 2 года назад +1

    Very useful information. Thank you.

  • @pathkris2984
    @pathkris2984 Год назад

    Can you do a similar video on transferring something like a rent on a periodic basis (from NRO to account abroad of the same person). These are called current account transactions as opposed to capital gains transactions that you covered in this video. Thanks.

  • @SatyaPrakash-ec6lk
    @SatyaPrakash-ec6lk 2 года назад +1

    Excellent information. Thanks Mandar.

  • @Olive0105
    @Olive0105 2 года назад +1

    Thank you for the information 👍

  • @radhasriram06
    @radhasriram06 2 года назад +1

    I liked and subscribed this channel.Your videos are very helpful.

  • @jayasreechowdhury5215
    @jayasreechowdhury5215 2 года назад

    Very useful video. Subscribed and liked

  • @sforsomu
    @sforsomu 2 года назад

    very informative. keep sharing your Wisdom. liked & subscribed.

  • @anandaroy8976
    @anandaroy8976 2 года назад +3

    Thanks for the information! This was really helpful. I was able to understand the Indian tax part but is there any tax to be paid in US for the amount transferred from India? Is that considered income in US? Appreciate your comments on the same!

    • @mananshah4031
      @mananshah4031 2 года назад +2

      As much as I read online, the income is considered an income in india, so you’ve to pay taxes in india. From tax perspective, nothing is to be paid in the US. But that’s as much I read, any corrections are welcome.

  • @vvmanyam1
    @vvmanyam1 2 года назад

    Very helpful!

  • @dhanad5680
    @dhanad5680 2 года назад +1

    Subscribed and Liked .. you are doing good informative videos Thank you keep doing more.

  • @user-uo1tv2hf4m
    @user-uo1tv2hf4m 2 года назад +1

    Very useful information!!!

  • @MG4Youtube
    @MG4Youtube 7 месяцев назад

    Thanks for such a useful and informative video🙏

  • @Qamarkhan007
    @Qamarkhan007 2 года назад

    I watch ur video most of the time. This is something will be very useful to me outside your simply version of immigration. Appreciate your work Mandhar!!!

  • @syamsunderbanda656
    @syamsunderbanda656 2 года назад +1

    Wonderful video. Process very well explained.

  • @rupakchatterjee10
    @rupakchatterjee10 2 года назад

    very helpful information. can you please also make a video on how to bring own money(from investment) acummulated during stay in India or money received in Inheritance from India to USA.

  • @chaitrahebbar3321
    @chaitrahebbar3321 2 года назад

    As usual your videos are extremely useful Mandar. Hope you can cover the tax treaties between India and USA for tax purposes for F1 students in upcoming sessions

  • @prashantdeshpande5090
    @prashantdeshpande5090 Год назад

    Thank you for your help..!!

  • @rohitshanbhag9967
    @rohitshanbhag9967 2 года назад +2

    Very useful information Mandar
    Thank you
    Quick question: could you please explain the tax treaties between Indian and USA
    Also wanted to know if we can use social security benefits from India after retirement
    Considering I am not a GC holder or US citizen by the time I retire.

  • @patelse
    @patelse 2 года назад

    Great info Mandar bhau.

  • @jaikammachowdary3381
    @jaikammachowdary3381 2 года назад

    Thank for sharing worthy information

  • @ramki1111
    @ramki1111 2 года назад

    Very good info!

  • @simplysimple959
    @simplysimple959 2 года назад

    Can you please let me know that my GC has been filed in EB1 category in June'21 but i havent received any approvals yet. why? Biometrics have been done in July'21. All the docs were filed together...

  • @justmesing
    @justmesing 2 года назад +4

    Thanks Mandar. This is really helpful. Follow up question - Do we have to pay taxes in US for the money transferred from India through the channel that you described in this video.