MONEY TRANSFER TO INDIA - SENDING MONEY TO PARENTS - Claim in German Tax - GERMAN TAX SERIES

Подписаться 15 тыс.

Просмотров 21 тыс.

50% 1

How to claim the Tax in Germany from the Money sent to India to support parents in India
Bilingual Form
www.formulare-bfinv.de/ffw/co...
www.formulare-bfinv.de/ffw/co...
If the above Link, doesnt work, then visit the following page
www.formulare-bfinv.de/ffw/
Click Formular A-Z
Go to the section U
Click the Unterhaltserklärung Document.
LAW:
datenbank.nwb.de/Dokument/Anz...
______________________________________________________________________________________
TAX FREE Limits in GERMANY are increased.
Updates on Kindergeld, Grundfreibetrag, Kinderfreibetrag, Pendlerpauschale, Elterngeld, SOLI, Minimum wages.
www.haufe.de/steuern/gesetzge...
___________________________________________________________________________
Subscribe📥 : / vanakkamgermany
___________________________________________________________________________
Facebook Page💻 : / vanakkam-germany-10360...
Women's Facebook Group :
groups/64133...
__________________________________________________________________________
🔸 TAX Series: tinyurl.com/rlkdzvc
🔸 INVESTMENT Series: tinyurl.com/y8bftrhz
🔸 MEDICAL Series: tinyurl.com/ruvq4xo
🔸 FOOD Series: tinyurl.com/udp72p8
🔸 BABY Series: tinyurl.com/rgtjj5r
🔸 PREGNANCY Series: tinyurl.com/rdgfdwq
🔸 RULES and REGULATIONS SERIES: tinyurl.com/uat5e6g
🔸 MOVING to GERMANY, IMPORTANT INFOs: tinyurl.com/svm38ms
__________________________________________________
DISCLAIMER: This video is only for educational purposes only and any opinions are my own entirely. Please do your own research before making any Investment decision. Some links are affiliate links, using which we get a small commission without any additional cost to you which helps support our RU-vid channel.
__________________________________________________
#Steuererklärung #moneytransfertoindia #Steuersoftware #taxrefund #moneytoindia #supportingparents #tax #claimmoremoney #außergewohnlichebelastung #finanzamt #einkommensteuererklärung

Опубликовано:

14 фев 2020

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 106

@ajaygoel4230 3 года назад

Super informative, and thank you for saving so much time for us!

@user-qh1ez1px3l 6 месяцев назад

An example would have been nice. For instance, a person in Germany is earning 80,000 EUR salary annually, and as per the rule I read somewhere, only the amount exceeding 7% can be claimed, that means 7% of 80k Euro results to 5600 Euros! So if you are sending money to your parents up to this amount, you cannot deduct from your taxes. So let's say you're sending 500 EUR each month to your parents, that's 6000 EUR annually, which means the amount you can deduct from your taxes is 400 EUR. That also means to claim the minimum eligible amount 2352 EUR in this case, you have to transfer like 5600+2352 = 7952 EUR annually if your salary is 80,000 EUR in Germany (approx 665 EUR each month)

@VanakkamGermany 6 месяцев назад

Thank you for the comment and suggestion, in the recent videos, we have implemented showing some examples, but the above mentioned numbers are not applicable for supporting parents. It’s a clear case, only the fixed amount as shown in video is applicable. Whatever percentage you mentioned is applicable for other stuffs

@Karthik-yy6up 3 года назад

Thank you so much for this. Very informative.

@shriramkumar702 4 года назад

Great Info! Clearly explained. Thanks. Looking forward for further useful information.

@VanakkamGermany 4 года назад

Kindly subscribe and share it in your local circle 😀

@thesadikali6227 4 года назад

Good information, very useful. Thank you for sharing 😍

@ranazee123 4 года назад

Absolutely great video and helpful... Thank you very very much...

@vaibhavsharma8478 4 года назад

one of the best explained video i can say

@shash6991 4 года назад

Thanks for video.

@nomannaeem4528 3 года назад

Really informative, Thank you for saving our time and providing this very important information in such a nice way.

@VanakkamGermany 3 года назад

Thank you and glad my video helped you to understand it better

@janu5077 Год назад

@@VanakkamGermany சகோ எல்லாமே பணத்துக்கு தாண்டா from srilanka,, living Swiss 🇨🇭

@jayantdhole 4 года назад

Subscribed ,🤘🤘🤘🤘

@denzcbe 3 года назад

Good work Team . Helps lot

@VanakkamGermany 3 года назад

Glad to hear that

@yash-wo2ne 8 дней назад

Does the bank ask questions if I receive money from a friend who lives in Germany??..and is it allowed to receive money in Indian Bank savings account?

@adityajoshi8826 2 месяца назад

Where to attach the notarized Unterhaltsklarung for if filing taxes online through elster

@roshiniscaria6505 2 года назад

Hey.. The video was really informative.. I want to ask a question regarding a scenario wherein your child is in India taken cared by your parents. In that case should the money be transferred to an account in your child's name or can it be transferred to your parents account as they are the guardians presently Also how much money can we claim for the child and do we need any other proof?

@eliasissa2865 2 года назад

Thanks for the info! Did you also need to sign it from the german embassy in india or just a stamp from a notar from India!?

@VanakkamGermany 2 года назад

Stamp from Notar is sufficient

@jasskumar6658 Год назад

Mam india first time money transfer karni hai to indian wife ka adhar card magvana hoga tabhi india money transfer hogi keaa mam mujhe bhi batao please

@danielsachin1106 Год назад

Could you please share url of the category list of countries u mentioned in the video? Btw Great presentation!

@pramodpatil966 3 года назад

Great information. But Please add subtitles thanks again

@sharatkumar20 2 года назад

Hello, 1. Where should we declare the amount we sent to our parents in the form "Hauptvordruck ESt 1 A"? Which line number? I tried to find it and found Line 34, 64 and 94. But there is no line number 64 and 94. 2. How to send the "Unterhaltserklärung" form? Should we send it along with "Hauptvordruck ESt 1 A"? 3. In the form "Unterhaltserklärung" you mentioned Notray, will any Notray do or is there a specific notary in India that we need to get from? Also, does the income tax form need to be translated to German? Thank you.

@VanakkamGermany 2 года назад

Hi Sharatkumar, You can get the document signed by any gesetted officer in india and this is more than sufficient.Regarding other queries, I could not answer, since i have did the process through the Tax consultant and he took care of the things to be done. you can also book an appointment with the tax consultant over the phone and get the things clarified www.vanakkamgermany.de/appointment

@abdulazeezahamad9323 2 года назад

Thank you for the informative video. I hope you could help me with the following question. Does one have to submit an income certificate of the parent in India to prove that he or she doesn't have any income?

@VanakkamGermany 2 года назад

one needs to submit the income tax declaration form of their parents to prove that they don’t have an additional income .

@avikroychoudhury3858 4 года назад

Maam, can you please make a video on pension claim if not already done.

@vikaschandrakar4232 Год назад

Please make a video on , how do I claim tax return if I leave Germany.

@infoshub204 Год назад

Hi thank you for the informative Video. Do we need to submit my income tax report from India for that year ?

@VanakkamGermany Год назад

Yes it is required

@shopgoldenpebble 4 года назад

Very helpful. 👍 Kindly make a demo video on how to file the return for a salaried person

@VanakkamGermany 4 года назад

Will be explained on future videos

@kapilgftravel9151 3 года назад

Hey great content ! Learnt a lot! How does it work for parents maintenance tax deduction - do they need to be ablve 65?

@VanakkamGermany 3 года назад

Yes, they need to be above minimum 65 years plus to get this benefit

@kapilgftravel9151 3 года назад

@@VanakkamGermany great thanks Priya... your video says 67 and I have heard some friends who got it around 63 as well.. given the retirement age in india is much less. Can you please suggest. Also, I have another question about Unterhalt vs. Umzugkosten paushale. Can one claim both pauschale umzugkosten (about 1500) and also double household costs (two apartments) etc. Thanks! And Vanakkam from the North :) Your channel is amaaazing!!!

@VanakkamGermany 3 года назад

In my opinion, It’s a pure luck factor and the case depends upon each person who is handling. You can still try with 65 years, but the officer would request you too man documents and there is a high possibility for rejecting. Fingers crossed, I would be happy to get connected with the person who has got it done ✅

@VanakkamGermany 3 года назад

Regarding Umzugskostenpauschale, I have made a separate video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gwQWbueXciQ.html

@sinchanroy9865 3 года назад

Do we need to send money to mom and dad separately ? Or this is absolutely fine if I send it to only my mom's account ? Secondly, what document's to show that the account belong's to my mom ?

@VanakkamGermany 3 года назад

Yes, you need to send them to separate accounts and not only to one person. Account statement which mentions that account belongs to your mother.

@vikaschandrakar4232 Год назад

Am i eligible for tax return if I leave Germany and go back to india only after working 11 months ?

@VanakkamGermany Год назад

You can always do your tax declaration even after leaving Germany

@shrrad8609 3 года назад

Hi Sis, nice information from you, thanks for that. I have a question, 1. can we declare tax only for Mom who is houswife? Would they check if she is getting money from her husband? 2. I am paying my education loan in India, is it possible to file tax for this kind?

@VanakkamGermany 3 года назад

1. Yes you can, but there is a less probabilitly that it would be accepted. 2. Yes, its possible,

@KhushiSharma 4 года назад

Vanakkam Maam! Me and my husband live in Germany. His annual income is 24000 euros. What would be the taxable income? Are their any deductions available? And what rate would we pay?

@VanakkamGermany 4 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-odD5Kpsf-II.html Watch this video to understand the TAX RATES, you must be able to find out the percentage of tax he pays

@sanjaysardiwal4133 4 года назад

That was very informative. Thank you. I have a question, what if our parents age is under 65 and they still require support. Can we still claim the taxes for parents under age of 65?

@VanakkamGermany 4 года назад

It’s difficult to convince the German people, but they need more proofs and others stuffs why can’t they survive on their own and etc.. it is possible, depends on each Finanzamt again

@sac997 3 года назад

if you provide medical certificate that they are unable / unfit for work. In case of Disability also.

@VanakkamGermany 3 года назад

That must be accepted. In the end of day, Finanzamt is the final decider

@audalve8219 5 месяцев назад

I am already 2 yrs here in DE can I declare my remittance in filing tax? Or it must be more than 4 yrs living here? Ty

@VanakkamGermany 5 месяцев назад

You can declare it every year, there is no need to wait for 4 years . There are certain steps to be done, getting a document signed by notar

@SasisLifestyle 4 года назад

Very informative sis. 😊👍

@VanakkamGermany 4 года назад

Thank you Sister

@jackleporteur1432 4 года назад

Hi , I had tax class 6 (high tax deducted) for my first month of work because I didn't have a tax ID, but now they changed it to class 1. And I want to fill this out so I can deduct the amount they have cut? where should I put that in ELSTER? thanks

@VanakkamGermany 4 года назад

You have to enter your incomes in the software whichever you use. You can feed in the datas mentioned in the Lohnsteuerbescheinigung. I use WISO, not sure how it works in ELSTER, it should not be difficult. Finanzamt automatically calculates the Tax when you submit for tax declaration.

@jackleporteur1432 4 года назад

@@VanakkamGermany ok thanks yes I specified that I'm Tax class 6 but didn't find where I can specify that I should be class 1 or maybe they would know by themselves ? Also what I can put there other than commute distance , something from Lohnsteuerbescheinigung can be deduced (health insurance ) ?

@VanakkamGermany 4 года назад

They will find it by themselves, also regarding health insurance stuffs (when you enter the basic stuffs, it automatically enters the data into corresponding fields) this is the biggest difficulty with ELSTER, one finds it difficult to enter data. I have made a video, how to choose online software for tax declaration. Kindly have a look into it.

@jackleporteur1432 4 года назад

@@VanakkamGermany great thanks have a nice weekend :)

@sanjanawaldia5601 4 года назад

Hi, Can i file my return online for last year as I have moved back to germany?

@sanjanawaldia5601 4 года назад

Sorry I meant I have moved back to India in October last year.

@VanakkamGermany 4 года назад

Yes it’s possible to do it upto past 4 years

@bhavinsojitra3988 4 года назад

Can you please share link once again? Provided link for bilingual form is not working. Thank you!

@VanakkamGermany 4 года назад

Link is updated now

@deepthianikar6699 4 года назад

@@VanakkamGermany : it still doesnt work

@VanakkamGermany 4 года назад

@@deepthianikar6699 I have updated the description. www.formulare-bfinv.de/ffw/content.do?%24csrf=E6STEIOPEP5H0YUSIWOC31R3A Click Formular A-Z Go to the section U Click the Unterhaltserklärung Document.

@shifasaleem6697 3 года назад

What is the (eg. Pensioners in India) maximum income Limit for this eligibility? Because you mentioned, we can do Tax claim if we send money to no or low income persons. Can you please mention the limit in euros?

@VanakkamGermany 3 года назад

According to German government, the maximum amount required for their survival is somewhere around 2000 euros 💶, when your parent earns this particular amount through the pension amount, then you can’t claim this amount in your tax declaration

@shifasaleem6697 3 года назад

@@VanakkamGermany thankyou for your Response.2000 euros per year? What about if parents have properties. Is it matter or its not considerable for tax Reclaim.

@VanakkamGermany 3 года назад

Every income is considered, because one needs to submit those as income in the Indian income tax returns

@shifasaleem6697 3 года назад

@@VanakkamGermany ok thankyou. Limit is 2000 euros per year per person?

@CarlosMartinez-yk6wq 3 года назад

please can you share the link for country categories?

@VanakkamGermany 3 года назад

www.steuer-gonze.de/web/images/stories/documents/BMF-Schreiben/ländergruppeneinteilung_ab_2021_-_Berücksichtigung_ausländischer_Verhältnisse.pdf

@CMALALITKUMBHAR Год назад

E.g. I want send money to my parents in India...... So what is tax treatment in India for them.... And other provisions... Limit inward remittance

@VanakkamGermany Год назад

I am not aware of the tax treatments in india 🇮🇳, my video is related only for German related topics

@CMALALITKUMBHAR Год назад

@@VanakkamGermany ok

@kalaivanimanibarathi5945 3 года назад

if parents are less than 67 years old then it is not possible?

@VanakkamGermany 3 года назад

I would say, atleast for the people above 65+, they may accept it. But not for the people who are in the early 60s. It’s just my experience collected from the other people

@kaushikravi9898 3 года назад

If I come to study in Germany and after few months I have to send some of my money to my parents in block account is this possible . please tell me sister

@VanakkamGermany 3 года назад

Blocked account - you can’t send the whole money , only the amount left over from the corresponding month

@kaushikravi9898 3 года назад

I have to bring a blocked account money of 8 lakhs and have to send some money back to india of around 5 lakhs after a 5 months is this possible. Because is amount is took from house loan ssoo...

@VanakkamGermany 3 года назад

It’s not possible

@aakankshadixit4289 4 года назад

I tried connecting you on telegram but the link says not available on telegram

@VanakkamGermany 4 года назад

Sorry, I edited the link. Try it now. There was an update

@VanakkamGermany 4 года назад

t.me/vanakkamgermany try this link

@nitingoel3839 4 года назад

1. 9408 is total amount per person or per family we can send. how much max we can send to mother and father.

@VanakkamGermany 4 года назад

India falls under the category 4, so one can claim only 1/4th of the amount per person.

@nitingoel3839 4 года назад

Vanakkam Germany : can india medical insurance, LIC and PF amount come under germany tax savings?

@VanakkamGermany 4 года назад

@@nitingoel3839 NO, its not possible. you can file them only in Indian TAX declaration

@nitingoel3839 4 года назад

Vanakkam Germany can u pls make one video fir child education tax detection with exp. i know 5000 we can save but how tax calculation happen we don’t know.

@sac997 3 года назад

It is per person. It could also be spouse's parents , if you are filing tax together. Otherwise spouse can in her own.

@victorjenil517 4 года назад

Akka intha video va panunga

@VanakkamGermany 4 года назад

What is the question? I am unable to understand

@sriramram274 4 года назад

Tamil la pasungha mam .please.

@VanakkamGermany 4 года назад

Sure, was my English difficult to understand?

@sohailmansoor5453 Год назад

catastrophic english .....

@VanakkamGermany Год назад

Thanks for watching my video, this video was taken in the initial stages of my channel, kindly check out the latest videos and thanks for motivating me to improve my English language