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Repatriation Scheme For NRIs - 1 Million Dollar Scheme - By CA Sriram

Frames Repatriation Scheme For NRIs - 1 Million Dollar Scheme - By CA Sriram

Description Repatriation Scheme For NRIs - 1 Million Dollar Scheme - By CA Sriram

Comments Repatriation Scheme For NRIs - 1 Million Dollar Scheme - By CA Sriram

Can we remit insurance policy amount on maturity without taxespolicy taken in Qatar in USD and also maturity amount given in USD? Comment from : R R

Rbi allows 1million remittance But us taxes apply? Comment from : r rose

This session is very informative, it clarifies lot of questions for NRE’s how they can repatriate their assets got by inheritance Comment from : Surender Aireddy

I am selling my property in Ahmedabad (India) , after paying gain tax can I transfer that money to Abroad through NRO account without NRI account? Comment from : Bharat Amin

If a NRI has sold a property for Rs 100 cr, how can he remit the entire sale proceeds at one go Comment from : R H Parekh

❤❤❤ amazing work Comment from : md

Is there any revision in the regulations in 2023? Comment from : Vijay Shankar

how much indian rupees eqv to one million dollar please Comment from : William

Thanku Sirs for explaining so clearly Many of my questions are answered 🙏🏻👍👍 Comment from : A

How we can repatriate overseas from NRO Account? Comment from : RJ

Sir brPlease give some clarification in this:brThere are many people who are holding foreign passport with foreign citizenship but holding OCI These Indians after their foreign assignments return to India Please throw light how their NRE account will be treated and also from point of view of income tax ,after return to India Comment from : Luis Fernandes

SirbrI need to consult on NRI tds on sale of property brCan you please give me your contact nobrIam ready to pay your fees Comment from : pka durai

Excellent information Thank you very much Comment from : Girish Vashista

Sir, if there is a 10L gift received from non relative and tax is paid for 10L after exemption limit 25 Lakhs , Can the whole 10L be repatriated from NRO to foreign account Please reply Comment from : Satvik Lifestyle

What about business profits after taxation Comment from : fayaz pa

Good information Comment from : Mohan VNS

But seven lac exemption it will not be applicable after 1st July 2023। Comment from : Chanchal Singh Sahni

What about civil Pension with TDS collected every month at source? Comment from : RAMAKRISHNA RAO Uppaluri

Thanks sir , Please can you update the contents as per the latest TCS Comment from : rachit kumar

Can i pay a NRI international credit card bill attached to the NRE Account, using the NRO account? Any idea? Comment from : Shyam Prasad

This is an excellent video with tons of new knowledge But I have a doubt If an NRI has assets in the form of gold, say 50 sovereigns of ornaments, will this also qualify for transer to his home abroad as per this "1 Million transfer" rule? Comment from : Sahasranam Kalpathy

Dr Bhat is one of the best interviewers I have seen Simply great 👍 Comment from : Laxman Sananse

LRS not LTS Comment from : ASIT DESAI

Both the Schemes - for LTS and MDS have specified annual limits and are those that require no prior clearance at RBI level and transactable at AD level In the event an NRI/OCI is a very senior citizen and needs more funds repatriated in the fiscal year beyond this limit - one presumes they can approach the RBI under the related FEMA law for permission to repatriate more funds - or are these limits beyond which no remittance application would be permitted ?? Comment from : ASIT DESAI

How about assets in terms of ancestral gold jewelry or artwork which may have antique value? Comment from : Vilas Nafde

Lot of ppl in India pay in cash after buying properties over there how would i transfer cash received from sale proceeds of properties in India to USA? Comment from : Chris Maguire

This another banking profit business Comment from : bhupinder singh kanwar

Very clearly explained Both of you did a very good job I see the threshold for not requiring 15CB is still 5 lakh rupees I wish they increase it, especially now that the USD has gone up so much against the INR 5 lakh rupees is just approximately $6000 Comment from : Venkat Kompella

Both deserve rich compliments for the excellent information & briefing on repatriation subject in a crystal clear manner Thank you sirs Comment from : rejendra lic

Excellent questions and superbly answered Thank you so much to both! 🙏 Comment from : mrudula lele

Please also let us know what taxes need to be paid by an NRI/OCI when they sell their property and are trying to repatriate? At what point this tax is collected? Comment from : shaam B

Sir NRI ka India me saving account hai to kya problem Ho sakti hai ek se Jayda account aur NRI kya India me LIC ya Koi Bhi insurance le sakt hai Pls answer 😊 Comment from : Rohit Vlogs

Sir thanks Comment from : Rohit Vlogs

Thank you very muchbrbrVery informative Comment from : suresh somaiya

Thank you sir Great video explaining all the details of fund transfer for NRIs Comment from : Bindu Varma

Thank you so much But is it still applicable in 2023 ? Can NRI remit by selling property ( up to 1 million USD )to to any other county ? what would be the tax ratio ? Comment from : Bireshwar Mitra

Sir, 1 million limit is for financial year or calender year? Please clarify Comment from : Thangaraj K

Being a NRI I can send money as a gift to my son till 100 thousand Is this gift also covered within 1 million dollar scheme?brIs there any limitation to send money from NRI deposits the source of funds were from outside of India Comment from : Gracy Machado

Sir, did rules change in last on year? I have an NRO acct with HDFC and they say it's not possible to repatriate funds from it Comment from : Sreenivasa Komma

Excellent Comment from : Ranga Rao

Thank you Mr Sriram Very informational Comment from : Gopal Rao

Thanks so much for information I am an NRI (US citizen) with OCI card with NRO account Will I need form 15CA and 15CB to transfer to my own account even if the amount is less than Rs 5 lacks ? Comment from : bsbawa10

Dear Sir, is this scheme still valid? Also, i understand that NRI would mean anyone who is from India but has stayed outside of India for more than 6 months? Comment from : Puneet Kalra

Sir pls make a video in hindi Comment from : Sham

Sir, I purchased apartment in India by transferring money (after paying taxes in USA ) from USA money 2 india Now I want to see and bring back the money What is the process and forms to bring money to USA ( I am hoping I do not have to go through CA cause it was all done by transferring to bank several years ago) Comment from : Ag Home

Very clear Video Thank you No-Nonsense straightforward discussion Good interviewer and Great Guest Comment from : Srini Koganti

Thanks for detailed information on repatriation of funds by OCI card holder from India to overseas bank account held by the same OCI card holder Next question is that if an NRI is running a business in India and earning money out of it Is it possible to repatriate the funds from the earnings of the business????? Comment from : Dhruv Munshi

Ver informative and well-made video For US remittance, after we have already paid taxes on Indian Funds, and when I repatriate funds to a US bank account, do you know if the US also applies taxes on the money that just landed in my account? What are the US-India taxation laws on this transfer? Comment from : Saurabh Gupta

Thank you Mr Bhat and Mr SriRam I find your videos extremely useful and informative Great content like always Comment from : Sailendra Pamidi

How about NRI home loan taken in India ?brAnd the loan emi is paid from USA to NRI account Comment from : vahida sultana

Why there is no tax (TCS) Comment from : RC

Hello Sir, please guide me as I had my shares in India in DMAT & had Transaction account too but after I became NRI HDFC bank closed my Transaction account & now I hv only NRO , NRE account and DMAT account How to sell my shares & how to bring that money 💰 to CAnada Pls help me I am ready to pay the fees as bank is not helping Pls give ur ph no or Email so can contact you, thanks 🙏 Comment from : shashi sharma

Very lucid Informative Dr Bhatt’s further interpretation is very helpful brThank you so much both of you, learned professionals …Dr Tangri Comment from : rajinder tangri

Can inheritance be remitted abroad Comment from : kenneth dcosta

Thank you for the information, as you mentioned NRI can receive gifts from relatives under the company actbrWhat would be the limit of such a gift, is it 1 million USD in a financial year?brAlso in such gifts, do we have to submit 15CA and 15CB along with form A2 ? Comment from : Me and You

Very useful information I'm in ParisbrMerci beaucoup monsieur Comment from : Meyyappan Subramanian

Very gd explanation thank you Comment from : fathima R

Thanks for the excellent show Comment from : Parmeshwar K

is repatriation only allowed after nri is subject to tax on sale of inherited property ? Comment from : The Quadfather

Dr Bhat thanks for presenting eminent taxation specialist professionals and adding to their interpretation Much appreciated Comment from : Avi Joshi

Are profits from stocks and mutual funds repatriable? Comment from : Pooja Jha

Very Informative !!! Thanks Comment from : HARISH BABU

What about Govt Pension Money? Comment from : Joshua Thakkar

Thanks both of you for quite interesting and informative subject i enjoyed the subject and solve my problems Thank you very much once again🎉 Comment from : Narendra Mohile

Good morning, MrSriram, What a useful video! Need your help in confirming something I am an OCI and borrowing money from Central Bank of India based on my property (Land loan) Can I transfer that money to USA? Looks like you have answered this question I just want to make sure that my understanding is correct Can you please confirm? Comment from : Madusudan Naidu

Thank you so much for this informative video Comment from : Kaustubh Prayagee

When I repatriate from NRE to my Dubai bank account, GST of 18 applied on itbrCan someone guide how to avoid this charges? Comment from : suraj maurya

But when i repatriate LIC proceeds abroad do i have to pay taxes for it abroad ? Comment from : R G

But you missed to clarify if one has to pay taxes again when repatriating Comment from : R G

Hello friend, Can you tell me how to apply this (1 million dollar scheme)? I have a NRI SBI account I want to transfer that bank balance to the SBI UK How can I do this? Comment from : Nuron666

This is exactly what I needed to clear up Comment from : shirin malik

American citizens can send money as loan through bank to a friend in india How can my friend return me the funds Comment from : Subi Mann

Mr Sriram thanks for this informative video to both of you I am American citizen-91 yr old -my son who is also American citizen looks after my financesI draw pension from Haryana Govt which is credited in my nro a/ctMy query is can i remit money from this nro a/c to my son's a/c in USA as he meet all our expenses out of this remitted money Comment from : Jiwen Kanwar

Great Sir Comment from : Baya N

Thank youAs usual very useful informationNow parents want to sell a property and divide the proceeds among their NRI childrenWill they have to open bank accounts in the name of children or can they do it directly ? Comment from : Farooq Ahmad

Very useful information Comment from : 𝗝𝗼𝗵𝗻 𝗪𝗶𝗰𝗸

Excellent video very useful Please continue with these kind of videos Comment from : Pradip Chowdhury

Really helpful Comment from : Anoop Garg

Can amount be transferred on line ? Comment from : Shrikrishna Apte

Sir how can I call you Comment from : DHILLON84

Thanks for all the useful information here many of us are doubtful about taking our old jewellery from India to outside can you please add a video on thatAs these ornaments are old how can we take to usa without hastles of customs in India and usa Comment from : Swatilekha Ghosh

Hi Sir this is really helpful video for me Pls let me know if someone use a forex card under his/her parent or spounce name (they are resident indian and forex card issued under resident account) and using that forex card outside India for any kind of purchase (say supermarket, tickets etc) is legal or having any issue Comment from : debabrata chakraborty

Very informative :) Thanks! Comment from : Bishwambhar Sen

Thanks Sir for informative guidance , can you kindly suggest us the single point contact to approach, so that we can save our time for all our remittance for NRIs Comment from : sim B

This is the exact information which I required Thank you so much! Comment from : Saurabh

Is international mobile recharge violation of fema? Comment from : Crazy Dudez

I am American I married Indian woman We live in USA Before my wife became a USA citizen, she bought a house for her mother in 2012 Her mom has since passed and we are selling house My wife is US citizen now The buyer of the house wants to give me a sack of cash, but I want money wired to my bank in USA Can this be done? The exchange rate in 2012 was like 47rupee/dollar but now it is 77/rupee so I am taking a big loss I am getting about $200k USA money Does the million dollar scheme work here? Comment from : clint lane

I am an NRI pensioner whose pension is deposited in my NRO account Can this be repatriated under this scheme? Comment from : Rekha Saxena

What if one do not have any bank account like foreign nationalbrAndbrHow can I declare myself as an NRI if I plan to migrate in the month of May or June Comment from : Suresh Rijhwani

Very informative video Thank you so much Would it be possible to refer a good chartered accountant in Mumbai for me? I would be very grateful if you could Comment from : Cynthia Gracias

If an agricultural land was acquired by me as a gift from a relative 25 years ago while I was still in India (before moving to US) and the land is on my name all these years I’m a GC holder in USA now, is that property covered under 1 Million Dollar Scheme? Thank you! Comment from : Sanjay

In this scheme do we need to transfer money in one shot or we can transfer it in installments?brCan you please explain it Comment from : SAM FAR

Mr Sriram,brbrIt’s not clear about the Gift property It sounded in the video like gifts received by an NRI I hope answering these questions would help many of your followers toobrbrIf an agricultural land was acquired by me as a gift from a relative 25 years ago while I was still in India (before moving to US), I’m a GC holder in USA now, is that property covered under 1 Million Dollar Scheme? The land is on my name What taxes/fees will be incurred for this?brbrIf the value of the property is over 1 million, in which account should I keep the remaining amount after transferring 1 million? Is it NRO account?brbrIs it possible to repatriate to USA 1M USD in March and another 1M USD in April of the same calendar year (different financial year)?brbrIs it better to sell the property and the repatriate the proceeds to USA while I’m on GC or wait until I become a citizen of USA? Which way would be easier and beneficial with higher transfer amounts and lesser fees/taxes?brbrThank you! Comment from : Sanjay

Thanks for this very informative video Can the assets accumulated in my NRO (non pis) account be transferred under this one million dollar scheme Thank you Comment from : Alexander Y

Very informative,Thank you for choosing this subject Comment from : Susan Geetha George

Can an NRI sell a house in Bangalore and transfer the money to his account in US Comment from : sudha subramanian

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