How can NRI Sell property in India & Send money to Abroad | வெளிநாட்டிற்கு பணம் அனுப்புவது எப்படி?
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- เผยแพร่เมื่อ 27 พ.ค. 2022
- H Friends,
Here uploaded a video about how to sell property in India and transfer money to abroad.. Please find the useful links for reference
sanjivcpa.com/how-to-bring-mo...
sbnri.com/blog/repatriation/o...
www.stilt.com/blog/2020/10/tr...
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Note: We are not the immigration attorney and the content provided in this video is the general information only which we read from the news or any public forum. For those who looking for specific scenarios or any specific details, please work with the licensed immigration attorneys. Always attorneys will provide accurate information.
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How to get power of attorney for selling or buying a land from abroad ?
th-cam.com/video/s_ZifPjEphI/w-d-xo.html
Thanks. Looking for this info long time 👍
IMPORTANT AND USEFUL INFO GUYS . THANKS FOR SHARING . ALL THE BEST FROM SYDNEY!
Thank u so much 🙏🙏
I really thank you guys to share very useful information to our community 👍 information is wealth!
Thank you so much sister 😊
Very useful video.. thanks for sharing this.. 👍
Super very useful video. I will with my relatives.
Thank you useful information
Thanks Arthi asks valuable correct questions. Thanks a lot,
Thanks 🙏
Thanks AP, this video is much helpful 🙂
🙏
Very useful information Arthiprem.👍
Thank u so much ☺️
Super video Prem. I was just thinking about this topic a week before. You read my mind. In our discussion, people were saying that we need to pay tax in both india and USA. Thanks for clarifying
Hi
Thank u so much
Definitely no need to pay on both countries for the earnings since double taxation agreement is effective between these countries
@@ArthiPrem No, I heard there is a differential tax that people need to pay for the percentage difference in tax between India and USA . This is a very important and complicated topic when dealing with Money and people's health. You guys are doing good research and trying to share info to help people. But Please advice only if you are really qualified in those fields & or you have personal experience. Otherwise people can be easily mis-guided if you just do some research and post videos.
Good informative video.
Yes, please do cover one video about different types of accounts and which one better, since I am planning to do bank account consolidation and this info would be definitely helpful.
Also please suggest which is the optimal method, you generally transfer money to your family from US often.
Very nice👌. Useful info for all👌. Best wishes🌷.
Thank u so much 🙏🙏
guys you both doing amazing
Thank u ☺️
Thank you for considering the request video Bro ! Appreciate it a lot. I am I. The process of getting funds from India to here for my daughter education. I shall keep posted as I go through the process.
Hi sister
I should mention your name.. yes your comment is the reason for this video
Thank u so much 🙏
Very informative 👍
Thank you so much 🙏
Excellent video as usual. From 1st July 2023, there is 20% flat TCS on LRS deducted by bank before any INR to foreign currency transfer for which the RI or NRI has to file tax in the subsequent year and will liable for Income tax based on his or her tax and income slab. Having Form 15CB or CA (part 1 to 4) will not prevent from bank deducting TCS (Tax collected at Source) . Is my understanding correct Prem ?
Thanks
First..
🙏
Pls talk about, how canadian citizen or PR holders can buy house in US.
Talk about TN visa , is it really easy to convert the TN visa to green card. If so , what will be the criteria and processing time. Pls talk briefly about this.
Hi Arthi Prem you guys are doing amazing job, pls also post video about Shipping under Transfer of Residence used households and personal effects by sea , duty charges for shipping TV and furnitures . we are ready to provide move details.
Thank you so much🙏
You can mail the details here👇👇👇👇
Arthipremchannel@gmail.com
Super ❤❤❤❤
😊
Can you also make a video on the details abt the transfer within that 2.5 lakhs transfer
Hi Aarthi and Prem, you guys make awesome and very useful videos including english language in the US and maintaining tamil language skills as well. I just have one suggestion: Although you use mostly tamil words in your videos some words like outspoken and grocery (just an example) can be avoided because not everyone watching your videos is from Chennai. Try to think if someone from your hometown or any other small town from TN will be able to understand your discussion easily; otherwise some people might miss some information from your videos. This is a small suggestion just so the content from your videos will reach each tamil in India and outside absolutely. Keep up the great job guys👌👏
Thanks for your valuable feedback definitely will take into consideration
Thank u sister 🙏
I have seen some Indians taking franchises like Dunkin donuts,Subway,petrol bunks,motel...put a video regarding this topic....Share some info...
Thambi if I sell the house in India and the share for my son who is the NRI which a/c should I put? Please answer me please
Hey Prem - You are correct on most of the information. But this repatriation process can be done only via banks and not from any money transfer online providers. None of the money transfer providers will allow more than 7 lakhs from india to usa for the whole year. The tax you mentioned is 20% TDS ( Tax deducted at source) which will be deducted before the money deposited into NRO account. we can get this money when do the file returns in india with the help if auditor. All I can say this is not an easy process to gothru and very time consuming.
Thank you so much for your inputs bro
@prakash, yes, you are right. Repatriation has to be authorized by an Auditor before the bank starts the repatriation process. Money has to be in the NRE account of the person who is initiating the repatriation.
could you please share the right info if you have done this. Also, is there a differential tax in USA for US citizens (No OCI card) when we repatriate the money from India we get from selling a property in India , money inherited from ancestors and fixed deposit money after filing Income tax returns in India through a good Chartered Accountant? Does having an OCI card in anyway prove beneficial for money repatriation, tax, selling property in India, etc? If you share your actual experience it will help many people. Thanks
@@mycreativity2010 There is no stake on OCI card. As long as you hold NRO account in india, you need to get in touch with the auditor to fill up the required forms. If the property is in your name, this is the process to bring the money to US but if someone else holding the property back in india, then they can send only 7 lakhs per yer for one person as a gift to you. Once the money recd into US bank account, you don't need to pay any tax as this has already paid in the source country. Hope it helps.
Hi Prem Anna, I got an offer of 85K $ in the Texas location. Can I save any amount if I come there?. Your suggestion, please.
My parents are visiting me on USA in few months. I'd like to get them health insurance when they are here. Are you familiar with any temp health insurance that are affordable?
If you can add the link on how to get the property, that would be helpful.
Hi bro
Please check this link
th-cam.com/video/s_ZifPjEphI/w-d-xo.html
எல்லாரும் முடிந்தால் தமிழில் கருத்தை பதிவு செய்யுங்கள். தமிழகத்தில்தான் மொழி அருமை தெரியவில்லை. வெளிநாடு வந்தும் உணர்வில்லையெனில் ? 😭
Please advise me whether we should have declared the property in FBAR filing which we are going to sell in India? THANKS FOR YOUR EFFORTS
When it comes to FBAR (Report of Foreign Bank and Financial Accounts) filings, the general rule is to report foreign financial accounts if their aggregate value exceeds $10,000 at any time during the calendar year. However, the reporting requirements regarding property held in a foreign country, such as real estate, are a bit different.
In general, real estate, including property held in a foreign country, is not reportable on the FBAR form (FinCEN Form 114). The FBAR requirements primarily pertain to financial accounts, such as bank accounts, brokerage accounts, mutual funds, etc., rather than physical properties.
That said, if the property in India is accompanied by a financial account (like a foreign bank account associated with the property), then the bank account should be reported if it meets the threshold requirements.
Thank you so much 😊 🙏
Hi ArthiPrem, Thank you so much for this information! I have recently moved to USA and I want to buy car and I want to transfer around $10000 from my Indian account to USA account. Is it possible to transfer like that? If so could you please let me know how to do it? Feeling frustrated without a car!
Please don't ask such important questions to youtubers. They are doing research to best of their abilitity and making these videos. Please should take this info and do their own research before taking any step. You must ask a reputed CA auditor in India and a CPA here in the USA if you want to avoid any issues later on. I am not a CA or CPA. But lot of experts say it's not safe to follow advices we hear from non-professionals. Good luck
I completely agreed
Please ask the professionals advice as we mentioned in the video please console with CA from India
Definitely you can transfer the amount just follow their advices
Also without car in usa is very very tough dont do that mistake
@@mycreativity2010 I am doing my research anyways. I just wanted to know whether it is possible or not. I also know a CA but since these guys are living in USA for so many years, I just thought they might let me know some directions on that. I am completely aware of that these TH-camrs are not professionals but they are also some research and they might show me some second thought of opinions when they share their experiences. However thank you for your
advice!
@@ArthiPrem Thank you so much! I will check with my CA
Nice video as always @arthiprem 😎 make a video on how to invest in index funds for first timers .. it would be very helpful for many of us 🙏🙏
Sure rajagopal bro thank you 🙏
Hi Bro, My employer processing H1B for me this year, petition yet to be filed. But my question is regarding dependent visa, we yet to apply passport for my wife and child. Is address should be same in the passport for both husband and wife for applying dependant visa.. I have no clear idea. Highly appreciate if you clear.
Hi Naga - No Address need not to be same in passport for you and your spouse - you need marriage certificate and marriage photos for applying H4 . and you can apply dependent visa only once your H1 is approved
@@03kannan Thanks a lot 👍
S't pauls higher secondary school 🙂AVC college 🤩
🙌
There is a charge for sending this amount in the case of Foreign Outward Remittance .
That came into force from October 2020 .
Will that not come in this
How can I buy property in India while I am in USA
Please check this link sister
th-cam.com/video/s_ZifPjEphI/w-d-xo.html
It's not financially a good idea to buy a property in India unless you plan to go and settle down in India. The property value increases but the rupee value keeps decreasing.
It’s time to invest in india don’t do the opposite.
Thanks santhosh bro
This is just the informative video bro not insisting anyone to invest in abroad