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Should NRIs Pay 20% Tax On Repatriation Post 1st July 2023 ? - A Must Watch Episode For All NRIs

Frames Should NRIs Pay 20% Tax On Repatriation Post 1st July 2023 ? - A Must Watch Episode For All NRIs

Description Should NRIs Pay 20% Tax On Repatriation Post 1st July 2023 ? - A Must Watch Episode For All NRIs

Comments Should NRIs Pay 20% Tax On Repatriation Post 1st July 2023 ? - A Must Watch Episode For All NRIs

My son an NRI, maintains some Savings Bank account into which the proceeds from his investments in India such as shares,mutual funds etc are transacted, and also rental income from his properties in India are deposited on which he pays Income Tax as applicable, is it wrong under FEMA? Comment from : Raghavendra Siddhanti

Can we hold joint saving account with our parents? The account existed before we moved out of India Comment from : Manoj Birajdar

I thought it was 30! Has there been a change? Comment from : Amarjit Singh

It is seriously a reap off govt 20 is really ridiculous Comment from : June Stoddard

NRI going on tour from India to abroad has to pay 20 ? Comment from : Mukund Shah

Sir if I have bought an apartment for 1 cr and sell for 2 cr and I want the money in my NRE account what procedure should I follow and what taxes should I pay ? Comment from : Musica

Make money any which way! Comment from : S J

Any gift by resident Indian parents to their spouse nro or nre account will tcs be applicable? Comment from : Amod Kumar

Mein Nri hun sirbrAgar mein mere NRE BANK ACCOUNT se crypto buy karta hun binance se toh kya mujhe v tds 1 katwana hoga aur 30 tax v dena hoga sir ?brPlease give your suggestions Comment from : Azhar uddin

Please share treatment for OCI/PIO while remitting funds or selling property and repatriating funds Thanks Comment from : Subhash Chandra

Binance se nri bank account se p2p karne pe kya tds katwana hoga brNri account se agar crypto buy karte hain to kya 30 tax dena hoga NRI ko v binance mein? Comment from : Azhar uddin

What if my resident mother transfers say 2 crore to my NRO account? Will I be charged any TDS in those circumstances when I remit the 2 crore to a foreign country? Comment from : Saurabh Gupta

Sir, please also make a video on a topic "can we pay home loan using capital gains on the sale of the same property for which the home loan is availed" ?? this scenario was never discussed in Youtubeplease help Comment from : Udaya Bhaskar Gaddam

Hello, MR Bhatt NRI clinic , thank you very much your all above videos explaining and giving lots knowledge to the NRI investments in the Indian bank regulation BUT also, I would like to know , NRE account funds If Investors Invest in Mutual Fund schemes, there is a fund values IF when the investor requires repatriation into the original residence address bank accounts in full valued amounts or taxable? IF yes, how much tax deduction Please, expecting in detail’s explanation Many thanks Comment from : Jagdishchandra Joshi

Hey, I was wandering: -what if: "NRIs": could: {LEGALLY}: Be:brable, to: br"donate ALL!? THEIR [VERY]_Own:_ del(personal): tax/delbrmoney, to/for: India: **as a "form: of: reparations!?"**!!"??brMKS India, can: -MKS b*"Jai_Hind!!"!!*/b Comment from : MK S

Dear Sir Is banker responsible to deduct tds on the interest earned on my NRO SB account? If so what percentage TDS they can deduct If the bank does not deduct I have to declare such interest income while filing my return Comment from : Srinivas batchu

Sir,Like to know if iam selling a property under 50 lacs ,What will be the capital tax,How much please ,Thank you for educating us from 1st July 2023 amendments 🙏 Comment from : Vijay Murgod

I am an OCI living abroad I have inherited some propery from my grand parents through my parents Should I pay any tax, if I sell this property tomorrow please advise Comment from : jose27630

If I have paid 20 TCS (Rs 5 Lacs) and file returns for less than taxable amount, will I get the entire Rs 5 Lacs back? Comment from : DUTTER

Thank yu Will TCS apply to amounts less than 7 lakhs per year ? Comment from : SR Nair

What is the definitiin of NRI? When exactly does an Indian, who takes up a job abroad, become an NRI? Comment from : Ashwini Sharma

Sir thanks for very imoortant information If less than 7 lakh, I have to transfer as living expenses for my son to USA after 1 July , it will also get tcs 20 ?brPlease reply Comment from : Raji B

I have a Simple Question? If any NRI wants to bring money from back home for any reason like buying a property or Education WIll he/She be Taxed - If Yes at what rate Thanks Comment from : Gary Bhutta

My son is a NRI I have a joint savings account in a bank with my son where he is the first holder Since NRI can't maintain Saving bank account but is it possible to keep joint account with me ? All money transferred in that account is by me only Comment from : Satyabrata Roy

HI can anyone give an idea one below I am resident in Dubai and I have property mortgage in UAE If I sell a property in India can I transfer that money to UAE for me to make partial payment of my mortgage in UAE Do I need to pay tax for the same apart from the capital gain tax? Comment from : Praveen Ramachandran

what does it called income from youtube videos comes under which tax ?😂 how do u pay tax of youtube income Comment from : Eklaavvyaa

'repatriation' indicates sending back, 'remittance' is normally refers to sending money incl Forex Comment from : Satyanarayan Bola Mahadevarao

Chartered Acct In the Video was wrongly using the word 'repatriation' Comment from : Satyanarayan Bola Mahadevarao

Word 'repatriation' applies to remittance in forex by NRIs, if done by residents it's called 'remittance' I am an ex-banker with 40+ yrs of working, teaching in banking Comment from : Satyanarayan Bola Mahadevarao

Please answer thisbrbrFunds sent for living expenses and accommodation purposes fall under the Education purpose bracket? And won't affect the change after 1st July? Comment from : Azargalaxy Kustagi

This goverment is a most corrupt they squeeze out of our pockets now I have to wait till year end to claim tcs , idiots Comment from : DAD of this youtuber

NRO has $1M/year expatriation limit and no TCS I believe Comment from : Hari Sadu

In which category the blocked account amount for students who are going abroad will fall Is students need to pay 20 tax to show money in their blocked account Kindly reply if anyone here know about this Comment from : Jilna Thomas

This govt is ment to loot common people Comment from : BINOD KUMAR SHARMA

Click baits can only take you so far, facts gets u followers and subscribers Comment from : Teja

can my father sb account transfer to my nro and can i transfer to us account as all my stocks are in invested in father name as too much of problems in maintaining pis account Comment from : Srinivasan Raghavan

I recently closed my NRE account and annexed myself with my wife's normal accountbrIs it a problem?? Comment from : Raunaque Noor

When taxes are refunded will they give us interest on our money for the time they held onto it if yes at what percent this is just looting our funds Comment from : baibhab mahapatra

Good content although it could have been explained simpler Please try to add acoustic treatments to your rooms Echo is significant and it’s difficult to understand what you are saying Keep up the good work Comment from : peerguy

I am in a foreign country and I send money to India more often to help my family or pay towards loan I took from an uncle at 0 interest This money goes into my savings account Am I violating any law here, Am I entitled to pay tax over this funds? Comment from : Jenil

They should exempt super senior residents from ALL taxes Comment from : Tom George

At least they should exclude kid’s education expenses out of it You have to Comment from : venkataramana Ravipati

This measure will only encourage howala transactions Comment from : Sandip Roychoudhury

The man can't explain in 1 sentence that it does not apply to NRIInstead hes talking all sort nonsensensical income tax rules and defining NRIs Comment from : Umang Shanker

Why the fuck I wanna keep my money in India, Indian government never had any interest in making ease of doing business better Western countries are so much better at this Comment from : Himanshu Gupta

Cannot comprehend what ca ramarao is speaking in South Indian accentWhy don't you make fresh video with all pertinent points explained in good legible language and simple accent Comment from : Radha Krishna

India is punishing Xioami Apple is facing difficulty in factory production in India🎉🎉🎉br🎉🎉🎉🎉🎉🎉🎉🎉🎉brbrYou should have spelt out the acronym oncebrExample: what is NRO?br🎉🎉🎉🎉🎉🎉🎉🎉brWhat about OCI holders? Are they in same catagory as NRI?br🎉🎉🎉🎉🎉🎉 Comment from : Guizan Joe

Simple thing made complecated Even the language used by the speaker is understandable by finance professionals Hardly 2 or 3 minutes span is enough to explain the main point Comment from : umamaheswararao ravuri

The loudspeaker for the second speaker who is answering is not good Comment from : prabhakar Joshi

Wrong advice Comment from : Nakshatra Reddy

NRI should never invest a dime in India It is always going to lose money Comment from : Bayarea Carnatic

At 4:35 the textbox says "Tax Prevention measure" but of course it is a "Tax evasion prevention measure" as Mr Bhat correctly observes (2) This TCS can be claimed against the quarterly advance tax payable, if any Not only against the final liability in the annual return Comment from : Sankaran Murthy

That means NRIs can transfer money from NRO or NRE accounts without any problem? Comment from : Raju Subbanaicker

I think I am more confused now Comment from : Prashant

Well explained in most understable language Thank for your assistance 3:12 Comment from : Vera Informative

Very very useful Comment from : Ganapati Ram

thanks Comment from : Anand Mohan

Bhai sahab dictionary kholna pada Comment from : code-wiki

Last year tcs was 10 Is it increased to 20 Comment from : Venkateswar Rao Theegala

Barbarian NRIs shouted Modi Modi Modi you all deserve it Comment from : powerstar

The government notification says tour packages purchased by NRI visiting India need not pay TCS But the tour operator says the TCS on overseas tour packages are applicable for NRIs as well unless made the payment through SWIFT TransferbrCould someone clarify this if got idea ? Comment from : Abhi S

Stupid Government Comment from : TechIRD

Modi mafia is looting us - by us, meaning regular middle/upper class or say semi wealthy NRI's and Indians I have pulled ALL my money outside of India Just open a Free Zone company in UAE - Dubai As US citizen, I get taxed by US government no matter where my income is However, free zone company with my parents as partners, (Indian passport) I pay zero tax both on company and personal income Also, from your Dubai Free zone company, open a trust that owns & controls all companies and use that trust to buy any property, land, or any investment in India For those on H1 or Green card from US or other developed nations, follow same method 80 of all real estate bought by Indians in Dubai is from hawala method Instead of making India tax free or tax friendly like Singapore/UAE/Malaysia/Thailand/Caribbean - Modi is making India the LAST place any one would invest Modi mafia has the balls to actually market Dholera as Shanghai competitor Dholera will give you cholera brbrModi, Ambani and Adani are crooks in power and finance - google Ambani's $100 million investment in Dubai Palm islands - he moved the $100M right before this law was passed Adani has billions stacked in Mauritius None of Modi's close friends will be affected Taxes are only for fools who obery the laws Be smart - by outsmarting the Modi Mafia (until it lasts) Comment from : Satyakam Misra

Is it applicable to a father sending money to a daughter residing USA UP TO 7,00,000/- Comment from : kamaraj raj

Modi sounds like bad news for NRI's, who cheered him Comment from : -Demi-

@2:58 when visiting India, most of the payments are now through UPI ( google pay, Paytm etc), how does an NRI manage these without savings account ? Comment from : praveenbrakes

Quality of sound of the Expert is very poor Comment from : Harnek Monon

fabulous clarity n clarification zzz❤❤ Comment from : Das Menon

Can someone confirm or clarify the following - br1 There are no taxes levied by Indian government on money remitted by NRIs to their parents etc in India for family maintenance? (However very soon foreign governments may start levying reciprocal taxes on Indians living abroad as punitive measure against the Indian government or to put a stop to the huge amount of remittances made to India)br2 Does this affect Indians paying for foreign digital services eg web hosting, software subscription etc, where it may be required to convert rupees to foreign currency? Comment from : KK

What about people going to abroad for business and official trip Comment from : Kannan Kaliraj

Why do you assume everyone understands the acronyms? For ex what is tcs- tax collected at source? Comment from : Venividivici

All NRIs All OCI, Please invest in India, Now, there’s no better time to invest in India You money will be put to good use, if you do not benefit, someone will definitely benefit It’s common sense, you are investing in India Please Think Twice, before you put your hard earned money down the drain Comment from : Wow-2

Thanks! Comment from : THOMAS PG

Nice presentation Mr Sriram I am a CA from Chennai Comment from : GURU VENKAT

A very detailed description Thank you 👍 Comment from : Balachandra Rao

How to fuck NRI BJP is perfect example Comment from : NITIKA BHAT

What a non sense Govt bought non sense rules, so long money is coming it’s no problem when going out there is 20 percent tax Comment from : NITIKA BHAT

Illiterate leaders looting own indian people for their licarative livings Comment from : ꧁▪ᏒคᎥຮᴛαʀ࿐

Educated thieves Comment from : ꧁▪ᏒคᎥຮᴛαʀ࿐

Dear Sir, hereafter kindly don't put misleading thumbnails and titles for this video You shall lose respect of the public Comment from : KS Pradeep

Is it not more appropriate to use the term Remittance Abroad by resident Indians under LRS than the term Repatriation It would give required clarity and avoid confusion brbrLet us for the purpose of understanding assume that the term repatriate denotes sending money into India ( as a patriot may be) brbr Who can send ? Definitely not Resident Indians brbrOnly those who are staying abroad include NRI FII , FDI etc are others brbrRepatriation is bringing back money by the remitter who originally remitted into India brbrTCI , therefore not applicable in the case of NRIs the funds they have remitted earlier to IndiabrRemittance of sale proceeds of assets held in India is a separate topic where tax issues may exist In this case NRI is not repatriating what he / she had earlier sent Comment from : Gopalkrishna Prabhu

Are NRI's able to keep PPF accounts in Post Office in India ? They have a lock in period of 15 years Comment from : Silvers

Quite a number of NRI are maintaining resident accounts in India for years together Comment from : Vijay kumar

Very clear Comment from : srikanth rangan

Modiwill squeeze everyone dry😂😜😝😛 Comment from : Joshua Cherian

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