Repatriation of your own money from India to USA

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Information Repatriation of your own money from India to USA

Title	:	Repatriation of your own money from India to USA
Lasting	:	12.49
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Comment from : Wisdom Trends

Thanks for the wonderful video I have a question regarding sale of property In your video at 549, you have mentioned that NRI is allowed to bring back money from sale of two property Is that for one calendar year or life time What should be done if there is more than two property?
Comment from : Parvez Hussain

My priority date is 13 Jan 2010 when will it become current
Comment from : Gurmastak singh Riar

Holding period is 2years and not three yeats
Comment from : Ramnath Medane

Thanks a lot brVery knowledgeable video brJust perfect
Comment from : Mukesh Patel

Good advice But I would like to add that banks in India have a lot of red- tape even after you file Forms 15CA & CB They make it so difficult for customers by demanding more and more documents that sometimes I feel why US government makes it so easy to to send remittances to India Indian FE reserves are more than USA Please Beware of Indian banks
Comment from : Charanjit Chhatwal

Thank you Mandar, your video is very informative I need your advice, couple years ago I opened my account in USA in Indian bank with USA currency They closed my account and sent me money in Indian currency here in USA I sent my draft back and requested bank , can you transfer my money in USA dollars in my USA bank I sent all details and documents but bank is not helping me, what should I do
Comment from : Baljeet Kaur

what if i received property sale proceed in cash in India ?
Comment from : Chris Maguire

Thanks for the video, does this applicable for the money which is sitting on your bank account as "SAVINGS" ?
Comment from : deep joshi

Do we need to pay taxes in USA for any remittance amount ?
Comment from : rdreddy

Hi,brIs there any TCS on outward remittance for NRI?
Comment from : Rohan S

Thanks for the precise and clear, to the point explanation ✌
Comment from : Arvind Goudar

Excellent info you have given ,ThanksIf the purchase price is 1 cr & bought the flat in 2007 paid 40 lacks do I pay capital gain on 60lacks & how much TDS will be deducted please explain
Comment from : Prema Parameswar

Sir I like your videos because of their knowledge content and of course I have subscribed to your channel…waiting for more informative videos on your channel
Comment from : Harjot Sandhu

I want to bring $150k from india, is it possible cash transfer ? don’t have property selling deed nothing
Comment from : san mac

Hi what are the options for USA citizens ( naturalized citizen) originally from India? This info looks like good for green card holders Thanks
Comment from : Roger P

Thanks a lot Mandar, This is exactly what I was looking for
Comment from : vishal mane

thank you for all your time and effort
Comment from : Bhagwan Kripalani

Can I Become Non resident after remitting money through LRS scheme in the same year Is it any non compliance of any law?
Comment from : Lakshit Prajapat

Thanks
Comment from : UKnow

very informative
Comment from : madhukar goel

Imensely helpful information and precise with exact points I have one question regarding inheritence, if I am the secondary holder on bank account (non-NRO) can these funds transfered with form-15CA and 15CB? aslo, does these funds in USA will face double taxation?
Comment from : Anil G

Very helpful, I am facing the same problem From Yangon Myanmar,
Comment from : Dawood Meah

Hi Subscribed channel, commented and liked the video
Comment from : Anuja S Moharir

Thank you for your presentationbrIs it allowed to remit money from India to Australia by a foreign national by sale of inherited property of India Need your opinion please
Comment from : Qayyum mahbub

If I transfer money from NRE account to US Bank account, do I need to declare or pay taxes in US?
Comment from : Arunava Saha

Can you suggest any app to transfer USD 10000 from India to USA Apps like Remiltry or Instarem or Rio Which is best and low transfer fees
Comment from : K Dharmaraj

Very informative and helpful Thanks!
Comment from : rudy s

Thank you for your help!!
Comment from : Prashant Deshpande

Hi mandar, very helpful info For examplebrIf my flat in india incurs no capital gain tax after indexation After bringing it back to us Do I have to pay tax here in US ? Pls help
Comment from : Narayanan Gupta

Any tax to be paid after transfer of money from India in US
Comment from : Swarnalatha Vinjamuri

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
Comment from : Path Kris

Is there anyway to establish basis for how much was spent building a house Giving some hypothetical information here My dad would have spent about 40 lacs building a house 20 years back He is no more and the bank accounts used in these accounts have been closed long back How do I prove that this amount was spent in building the home to claim deduction from paying tax if I sell the property? There may be a way to get a current appraisal done, to come up with building cost now, but how do we determine the cost incurred 20 years back to prove to any government department as that seems to have a major impact on tax payable
Comment from : Path Kris

You have a Monalisa like mysterious smile on your face giving a feeling that you are not disclosing everything you might be knowing
Comment from : My Music4U

As usual Mandar has put in his great efforts here too Also please show some light how can Parents remit money to their earning children in the USA? There seems to be only available option "Maintenance of family members " I think it is valid till children were studying in USA Parents want to remit themselves as the children might find to get inherited funds later remitted difficulty Overall amount may be a few lacs of dollars
Comment from : Jagdish Kumar

Good information, but not full information As my unnderstanding goes, this limit of one million dollars not applicable when the assets sold is fully acquired by remittance from abroad or by paying out of NRE or NRFC accounts If you through CA prove that you had acquired the assets by overseas remittance or by debit to NRE account, the sale proceeds after payment of capital gain taxes can be remitted back without any limit Also one can freely remit back from NRE or FCNR account without any limit If one got balance in NRO account say by sale of inherited property, property acquired when he was resident, sale proceeds of shares or mutual funds acquired when he was resident etc can be remitted under one million scheme
Comment from : Cyril DSouza

Thank you for the information!!brWhat if the amount is $30k? we dont need to report at the time of filing?
Comment from : Suwarna Deochake

Thanks Mandar for the video How to bring our money earned in USA which i had transferred and accumulated in India in the form of Fixed deposit etc Plz suggest
Comment from : Amit kumar shah

What about transferring money from US to India for say giving EmIs for home or sending parents monthly etc
Comment from : Neha Gupta

Thank you for the information 👍
Comment from : Vijeyakumar Anthony

I am in an exact situation as described and find this information very relevant Thank you!!
Comment from : P V

Thank you so much
Comment from : basam nath

Hope the Prediction works…
Comment from : Senthil Kumar Murugesan

What about taxes?
Comment from : ramu vaasu

Nice information Do we need to pay any tax on that money (let’s assume 100K) ?
Comment from : heman Reddi

It’s informative What about transfer from NRE bank account to USA bank account?
Comment from : Ramadhar Mishra

Thanks for the info
Comment from : Sravana Desu

very helpful can you also talk about how we bring provident fund money from india to US
Comment from : Parag Dave

V good video Finally some answers
Comment from : Ruchi C

Nice infothan doing
Comment from : SUBBA RAO VALISETTY

Good Info Mandar
Comment from : sridhar k

Thanks so much
Comment from : Ambati Prashanth

Very Helpful Video
Comment from : Jaydeb Mukherjee

Liked and subscribed Very useful info
Comment from : Rajaram Srinivasan

👌
Comment from : Sreeramsagar Pithani

Subscribed and commented
Comment from : Yashwanth Rao

Wondering if money2India would work otherway, it would be good if it did(already subscribed and liked)
Comment from : varun singh

Subscribed & Liked 😉
Comment from : santhosh kumar Sallakonda

Very good info!
Comment from : Ram T

Thank you so much
Comment from : Veera Reddy

Quite resourceful this video Need to keep legal things in mind while doing financial transactions Thanks for sharing Mandar
Comment from : Rohan Prabhu

Very helpful and to the point information ji, thank you!brRegards,brKamal
Comment from : Kamal V

Thanks Mandar! This is very useful Liked and subscribed 👍
Comment from : Harish Chegondi

🤗
Comment from : A S

Very useful information, also subscribed & liked 👍 😀
Comment from : Raman Kumar

Thanks for the informative video! 👍🏻
Comment from : Pratik Pai

Liked and subscribed
Comment from : JS

Mandar, appreciate this video What about taking money out of NRE back to US how would interest earned in the NRE accounts be handled?brbrThanks again for this informative video
Comment from : Pankil Shah

This is extremely helpful Thanks a ton!
Comment from : Vibush Ramadas

Please do USA to Canada for h1b
Comment from : A S

This is useful info Thanks for this video
Comment from : Saravanan Sekar

Liked and Subscribed! 👍
Comment from : Crictonomy

I watched this vediobut I felt my conditions are different Would like a solution tailored for my situation Want to know the tax implications, when I take the us citizenship
Comment from : UshaSrinivasan

Subscribed and liked
Comment from : UshaSrinivasan

Subscribed and liked Very informative 👏
Comment from : eshwar c

Thanks for providing informative information on this topic brSubscribed, liked and commented
Comment from : Harish Narayanappa

Sir, Very good video, and very well explained
Comment from : Sarma Malladi

Subscribed and Liked
Comment from : Faiyaz Ahmed

Good one
Comment from : Vini Vini

This is helpful
Comment from : uhemanth

Thanks , well explained
Comment from : Vemareddy Sai Kishore

Very informative video thanks
Comment from : Ilyas S

Commented
Comment from : Kahaan Desai

If your father or mother Send money Is that taxed as well
Comment from : Haris Hafeezjan

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?
Comment from : Priyal Chitre

Thank you Mandar for sharing this!
Comment from : Amey Paranjape

Good one
Comment from : Satya Gopaluni

Subscribed and liked!
Comment from : raichurbabu

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
Comment from : raichurbabu

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
Comment from : raichurbabu