How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme

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Опубликовано:

27 июл 2024

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Комментарии : 545

@internetuser9956 2 года назад

Exactly, Sir! The Definition of What's legal and what's not is constantly changing. Thank God! This channel is clarifying this and more.

@spreadgoodness1 2 года назад

Like all your videos this is also superb. Every information is authentic. What a great service! Be blessed always.

@mathewkl9011 2 года назад

Beautifully explained sir. Very useful to common people. Kudos to both sirs👍

@umeshrr4469 2 года назад

Very simplify explanation Thanks you both. It will be very helpful if you cover NRI inr remittance to foreign

@vijayanpillai3800 2 года назад

A great information and that clears lots of doubt of common man. Thanks a lot.

@sarvesondurai9319 2 года назад

Very useful information. Details are explained in a lucid manner and cover all kinds of needs/requirements.

@kannada080665 2 года назад

Beautifully Explained, Your effort to simplify rules is praise wothy

@MamtaSharma-qv7rf 2 года назад

I request you to cover how a new immigrant can transfer their funds overseas

@adityasarma4425 Год назад

Dhanyawad ji for excellent and lucid presentation by SriRam ji and impressive anchoring subject u chose.

@prasadhonnavara875 2 года назад

Very good interview n good analysis by the anchor n the learned young CA.i am really enlightened.thank you.

@sumit2000in 2 года назад

This is the best video on FEMA and LRS on RU-vid so far.

@NRIMoneyClinic 2 года назад

Thank you very much

@tincyannehot 2 года назад

One very common topic touched. Great job!

@nirmalaarote9566 2 года назад

EXCELLENT INFORMATION.THANKS TO BOTH SIRS.

@sreedharanmenokey3488 2 года назад

Excellent presentation Good pronunciation Thank you thank you thank you (Please make a reference to GST applicable to Foreign outward remittance)

@bluevaruns 2 года назад

Very informative. Thank you for a great session and sharing.

@ragininigam4280 2 года назад

Very well explained. Thank you very much. It's a big help for us.

@sanketjoshi6620 2 года назад

Very coherent and succinctly provided information.

@jatinkumarbarot6984 2 года назад

Good information, every person whose children at abroad should know about lrs.

@Drganguli 2 года назад

Very useful information for students studying abroad and their parents

@ramanremella8418 2 года назад

The best on the subject. Thank you

@bornagainhuman7581 2 года назад

Awesome content. Liked the detailed explanation.

@rajanna86 2 года назад

Very informative and educative. Thank you.

@karuppiahp235 2 года назад

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.

@kkavadhani4580 2 года назад

Useful.

@ranisrikumar5735 Год назад

Very good presentation and guidance, without wasting time 🎉🙏

@potatolover6340 Год назад

Thanku very much sir..... This video cleared most of my doubts.... God bless u.... Keep making such informative videos 👍

@rambaskaran1729 2 года назад

Health Reasons! Any limit other than $250000? Great Financial matters advise and instructions! Thanks again!

@karthipal 2 года назад

Thank you very much for all the details provided.

@raghavansourirajan7243 2 года назад

Thanks for advising on such important issue

@h.lakshmana.apptha7115 2 года назад

very informative, sincerely thank you.

@srinivasantv5863 Год назад

Very useful information. Thanks to both. Great.

@sitarampal6753 Год назад

Very Helpful, my use case I am an NRI wanted to purchase a home and needed some fund from India

@nagabhushana1150 2 года назад

Very useful discussion. Thank you.

@1974xaviers 2 года назад

Dr. Chandrkant your videos was helpful..thank you so much

@vivekananad 2 года назад

very useful information. Thank you sir!

@raviarcot3145 2 года назад

Many such chartered accountancy related topics r Wellcome!

@manzoor9alamkhan238 2 года назад

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.

@SkiNett 2 года назад

You people are doing a great Job, Please keep Educating, Thanks !

@anil_madan Год назад

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 ?

@daredevil1079 2 года назад

Siram tie brings back memories of my late father, he had one just like that for over 35 years .now I have it .

@girishmenon4687 2 года назад

No one cares about your tie. Did u even take anything else out of this?

@jawaharbhalla9759 2 года назад

Very very useful information. Thanks

@meghnadwarrier1227 Год назад

excellent video. very informative. thanks

@rambond7539 2 года назад

Very good information, learned new thing about TCS. Thanks. Can you make a video of transferring funds from NRO to NRE account?

@NRIMoneyClinic 2 года назад

This video is already there on the channel

@subhajitguha3283 2 года назад

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

@haiderrangwala7052 2 года назад

Excellent interview.

@prasangaferdinandusz9866 2 года назад

Thank you Sir for valubale insight

@ashpillai Год назад

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!

@kalyan1213 Год назад

Hello Mr, Bhatt Can you please reply on this? What are the alternatives to transfer money from India to USA?

@jesussavesmission9240 2 года назад

Useful information.,Thank you

@nairsn1469 2 года назад

Very useful information. Highly appreciated. Would appreciate if you could explain the tax implications also for transfer up to INR 7 lakhs.

@khajuriaarun8874 2 года назад

UpTo 7 lacs per financial year by the same remitter there will be no TCS amount exceeding seven lacs will face 5% TCS

@sairajeev7495 2 года назад

How about transferring money from my account in india to a foreign account under my name again. Do we have any restrictions?

@712anup1 2 года назад

Done Great Job!!

@sumitdesai9265 2 месяца назад

Excellent content!!!! Great information!!!! Lengthy video but with lots of details and information. Thank you for making this video.

@subhashkharat2592 Год назад

Very nicely explained.

@manjitsinghkahlon3792 2 года назад

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

@manoharansubramaniam8595 2 года назад

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?

@ganeshgarg8225 2 года назад

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 .

@leg875 Год назад

4:29 things are getting crystal clear only Chandrakanth sir explains :)

@sumeetarora6552 2 года назад

Pls explain how we transfer from abroad to india ..n whatis limit in nre acct in one financial year

@prakashdusane3443 2 года назад

Highly Informative

@nareshkumars5124 2 года назад

thanks for educating me

@kunal9657 Год назад

Very Informative Video.

@mythilisundar8012 Год назад

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.

@atul58 Год назад

If someone wishes to gift an amount to his child who is now foreign citizen ( person of Indian origin) do the same rules apply ?

@NRIMoneyClinic Год назад

Yes

@atul58 Год назад

@@NRIMoneyClinic Thanks 🙏

@FarooqAhmad-en1so Год назад

Very aptly put.This is an year old video.DR Sahab does the information still hold good?Have the rules changed?Thank you again.

@NRIMoneyClinic Год назад

Very much valid

@rrdkirori Год назад

Sir, what is capital account for resident indian or when required to be opened by a resident indian

@veenasinha6622 2 года назад

Important topic talk.🇬🇧

@srinivasangopal4499 Год назад

Can I transfer money electronically instead of going thro a forex dealer or a bank ? Pl clarify

@kamymehta Год назад

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?

@jojijohnabraham3641 Год назад

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 ?

@loveearthly 2 года назад

Very well made instructional video. Saved the 5% levy on txns for the last 5 mins. 😄🙏🏻

@jijeesh1000 2 года назад

Can you help me ?

@piyushrvyas 2 года назад

Thanks a lot, it was very informative.

@utube460 6 месяцев назад

Very appropriate & this makes the matter crystal clear !

@gracymachado2450 Год назад

Funds transferred from NRE fixed deposits needs to fill Form A2 and declare FEMA not exceeded $250000. Is it for Residents or NRI?

@accountsaccounts3415 2 года назад

Dear Sir Thanx for sharing such a valuable video. I have a query. I have registered a single Mmber LLC in USA which can issue Membership certificate instead of Share/stock certificate.But as per FEMA an Resident individual can do Overseas Direct Investment in Equity only.Then how can I transfer /Remitt money to my USA registered LLC from India in absent of Equity share ? Also we can see a lot of such LLC formed every year in a very easy way,how such LLC do business expenses ,security deposits(wherever applicable)without investing any capital from India ? Kindly guide us with the options

@user-bx5bb4zt9w Год назад

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.

@mysorenataraj1378 2 года назад

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?

@sriramrao2514 2 года назад

Very debatable issue… it all depends on execution of transactions & documents/evidences in that aspect…

@cypriandantis4487 2 года назад

Thanks for the update information. All the best. God bless

@cedricdias8764 2 года назад

When you conduct a discussion like this both or all people should be visible in the frame.

@ramaiahkolluru2971 2 года назад

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

@rambaskaran1729 2 года назад

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!

@rajeshbuch8281 4 месяца назад

Sir, can LRS be used fir the purpose of a cash gift to children or grand children residing abroad ???

@premlatarao88 2 года назад

I want know a US resident in US if gives a big amount. to his friend there. who is US resident. . Do his friend has to pay tax again? Please clarify.

@SV-go5ue 2 года назад

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?

@sriramrao2514 2 года назад

No such compulsion now on payments to NRO account from resident account as it is not repatriated from India...

@SV-go5ue 2 года назад

@@sriramrao2514 Thank you so much Sir!

@Nuron666 Год назад

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.

@anilnarang4243 2 года назад

Greater Video! One question, can an NRI with NRO Account gift money in INR to his pairents or Relations from his NRO account?

@sriramrao2514 2 года назад

Yes, can...

@GurmatGianGroup 2 года назад

If an NRI sells a property in India and wants to send that amount abroad after paying the CGT, under which scheme he is supposed to do it if not under @/liberalisedremittancescheme.

@NRIMoneyClinic 2 года назад

There is a video on this channel by name " How To transfer funds from NRO to NRE " please be guided by the content

@kishorecoelho3186 Год назад

Found your presentation very informative. Could you kindly advise the protocols for transfer of INR overseas by a NRI to a foreign national. Thanks

@NRIMoneyClinic Год назад

There are many videos on this topic on this channel. Please search through appropriate playlist on the channel

@suniljindal9371 2 года назад

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.

@chinyasouvik9050 3 месяца назад

Now What is the applicable TRC for NRO account for transfering funds abroad ?

@jayantdave1307 2 года назад

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?

@sriramrao2514 2 года назад

There is already a video on Taxation of Gift... watch it and be guided...

@ratnakarraopotluri1124 2 года назад

Agriculture lease amount can I send in L RS

@arshS27 2 года назад

TDS on gift from residnt indian ( not relative ) to NRI in canada ?

@thajudeen1327 Год назад

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?

@freedomforever8168 2 года назад

what if a present US citizen, wants to sell a previously held property, before he emigrated-how can it be done now.

@sriramrao2514 2 года назад

He can sell... what is your exact query??

@umabhardwaj57 6 месяцев назад

Can we transfer the funds to abroad from saving account held in India under Repatriation scheme.

@adityam2803 2 года назад

Hi how much do u charge for financial planning

@kkrishnamoorthy8213 2 года назад

A good service by NRI Money Clinic.

@kernainstruments1248 2 года назад

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 ?

@sriramrao2514 2 года назад

As per the information it is correct…

@suniljindal9371 2 года назад

if I want to return money to my brother (NRI). He has lent it to me. Am I allowed to remit?

@rajneeshchaudhary3397 2 года назад

thank u so much sir

@tothegreatone 5 месяцев назад

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 ?