20% Tax on sending Money Abroad? On Blocked account🇩🇪? Education Purposes? ||GERMANYWALLA||

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Welcome to GERMANYWALLA, your go-to channel for all things Germany-related! In this educational video, I'll dwelve into the topic of sending money abroad from Germany and explore the 20% tax implications, including insights on blocked accounts.
If you've ever wondered about the intricacies of international money transfers and how they may affect your finances, this video is a must-watch. I will break down the concept of 20% tax on sending money abroad, providing you with a comprehensive understanding of its impact on your transactions.
Furthermore, I will also shed light on the concept of blocked accounts, which are often a requirement for international students or individuals looking to study or work in Germany. Discover the purpose of blocked accounts, their significance in financial planning, and how they relate to the 20% tax.
By the end of this video, you'll have gained valuable insights into the taxation process and how it specifically applies to sending money abroad from Germany. Whether you're a student, expatriate, or simply curious about international finance, this video equips you with the knowledge you need.
Join me on this informative journey as I navigate the complexities of international money transfers, taxation, and blocked accounts in Germany. Subscribe to GERMANYWALLA and hit the notification bell to stay updated with our latest videos exploring various aspects of life in Germany.
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🌟 Share this video with anyone interested in the topic of sending money to germany or abroad from India
Thank you for watching and supporting GERMANYWALLA. I am here to empower you with knowledge to navigate life in Germany seamlessly.
#indianingermany #educationingermany #germanuniversities #blockedaccount #mastersingermany #studyingermany #germanyvisa #apscertificate
Time stamps :
0:00 Introduction.
1:52 What is TCS?
4:40 TCS on Foreign Remittance?
6:30 TAX RATES
11:55 BLOCKED ACCOUNT?

[@ayushjandial2748]

Thank You Kartik bhai, very crisp and easy to understand video, all my doubts were cleared. 🙏

[@germanywalla]

Happy to help:)

[@39himanshuzilka62]

Sometimes i feels bharat in germany using propoganda and creating negative image of Indian government system, he made bundle of videos on TCS but still, i confused, however now i get clear image about it danke brother ❤ all the best for 100k we need like you, not like that person...

[@germanywalla]

So blessed to have an audience like you❤️

[@adityaranjandash6061]

Yeah you are right Bharat's videos were so confusing and they have always trying to promoting something..

[@jigar4790]

Clear, Complete, Clarited ❤

[@germanywalla]

❤

[@yashsartanpara6196]

Thank you so much, helpful and informative 👍🏻🤝🏻

[@germanywalla]

Happy to help:)

[@sagnikdas1962]

Very crisp, concise video. BIG created few videos which is defaming current govt, and saying 100 other things. But, we students need only genuine and honest info like these.🎉🎉

[@germanywalla]

Happy to help❤️

[@directionless9032]

Very informative video bro ❤

[@germanywalla]

Glad you liked it❤

[@muhammadafsal854]

Hi brother. I'm funding my blocked account by my family savings. If I pay 5L from father account and 5L from mother account then it will only 0.5% isn't it? Any idea about this ???

[@rachitkasana3413]

Dear Kartik, Thankyou so much for this helpful video. But i have a query that if i take a personal loan for Blocked Account money than will i have to give TCS or not?

[@tahamuneeb4192]

Danke ❤

[@HarshYadav-jh1xx]

The document you showed which tells us about the before and after proposed rate, could you please provide the link for that document ? Is it official?

[@sanketpandya1962]

MAKE A VIDEO ON WHEY YOU CHOOSE GERMANY BEHALF OF OTHER COUNTRIES (CANADA,UK, AUSTRALIA)

[@rohandarji4942]

Bhai hu loan laine nthi avano cash laine blocked karvano chu toh 20% lagse ke 0.5%?

[@harmanpreetsingh1451]

Bhai agar maine already blocked account bnwa rakha hai to fir koi problem toh nahi hai, kyuki new rules to july month se start ho rahe hain

[@Vivekraj-gt9uw]

I'm planning education loan for Germany from SBI but they are unknown about blocked account. Kindly help

[@sbalharabalhara3870]

Brother please tell me that How many chances are there ,after 18 months work visa that it can extended for further year And in how many year we get PR in Germany

[@latamudgal9054]

Very good🎉🎉

[@germanywalla]

❤

[@cricket9022]

Or kis cource main ki hai

[@songbyanshu3698]

Blocked Account me Paisa dalne ke baad visa nhi lagta hai to eska proses kya hota hai

[@mubinahunaid890]

Sir mere bete ne feb end mein APS ke liye apply kiya hai Kuch aap update de sakte hai please

[@myminiworld3209]

Agar 7.5 lakh ka loan lethe he tho in sabse chutkara pasakthe he kya

[@akcandlestick8948]

sir ji pls make video of which debit cradit card use in germany

[@germanywalla]

Soon

[@sanketpandya1962]

Is Germany is gives financial freedom

[@rohanhundalekar2244]

Hey there Karthik, I have recently received an Admit form OVGU and my studies starts on 9th Oct. So, what is the ideal day for me to arrive in Germany, 2 weeks prior is OK right? Or in the Mid of Sep? Thank you.

[@darkpenink6730]

course name? OVGU magdeburg ka bro? GPA in german scale?

[@rohanhundalekar2244]

@@darkpenink6730 Systems Engineering for Manufacturing. German grade 1.8.

[@yshalinikumar]

I am 2022 graduate student i got admit for this winter intake. I didn't do any thing like job or internship in this duration. Will it be a problem for the visa

[@germanywalla]

Not at all

[@harshsharma9714]

Thank you Kartik Bhai! Very informative. I need a help. I've an admit at TUM for WiSe 23 and I can't find accommodations. Please guide kar do kaise kar paun ye.

[@germanywalla]

Keep finding on fb groups, wg gesucht , immobilien scout 24 etc

[@marjanachoudhary200]

Anyone stuck with aps?? Waiting for my aps from January 😢

[@darkpenink6730]

Dear Karttik, If I transfer money from Germany to India and give it to my parents, then this 20% condition will apply or not?

[@germanywalla]

Why aren't you transferring directly from Germany to account?

[@zod5953]

Bhai waha classes mixed hoti hai ya phir indians ki seperate classes hoti hai??? Pls reply bhai❤

[@germanywalla]

Mixed

[@darkpenink6730]

Dear Kartik, I have got admit in University of Siegen and TU Darmstadt, I am thinking about applying to Madgeburg in Electrical Engineering and information technology. The courses are similar, plz order them in order of your preference?

[@endlesslist]

Can we talk on Instagram about your journey

[@_rohit45.]

Bro which is best option to go German after12 or graduate plz make a video on this

[@germanywalla]

Noted:)

[@poonamparth9032]

Thanks a lot for such an informative video despite having busy schedules, This will give huge relief to students. Could you let us know which forex card can be used for educational purposes? Do we need to provide some documents to let the bank know that one is a student?

[@germanywalla]

Yes. Admission letter

[@poonamparth9032]

@@germanywalla thanks 🙏

[@rohitgangatkar5723]

Hii Bhai APS Certificate ka Validity kab thak rehta hai ? Is it valid for only 1 attempt of trying to come Germany ?

[@germanywalla]

Aps is valid for unlimited time period

[@cricket9022]

Sir aapne bechlor india main se kis university se ki hai

[@germanywalla]

University of Delhi

[@sunilverma1837]

Bhai mm Ausbildung... Nursing k liye aaju benifits h kya ???

[@germanywalla]

Hn acha option hai

[@rajatiwari6055]

Bhai international debit/credit card pe 7 lakh ka threshold hai, so jaise aapne niyo card liya tha, toh usme jab mai paise daalunga apne bank se and amount agar 7 lakh se less hai , toh uspe toh ye 20@ tcs nai lagega na? Ya jaise maanlo mai jaane se pehle kutch euro exchange cash le kar jaaa hun, toh exchange karate time 20% TCS lagega?

[@germanywalla]

Education/ medical treatment k alawa agr khrcha kroge to koi limit nhi hai. 1euro/dollar pr bhi 20% tax lgega ab

[@rajatiwari6055]

@@germanywalla Bhai but goverment ka clarification aaya hai ki international debit/credit card pe 7 lakh ka threshold hai. Quoting The Economic times "However, after the latest clarification from the Finance Ministry, on May 19, 2023, TCS will not be levied on any payments made by an individual using their international debit or credit cards up to Rs 7 lakh per financial year."

[@Zyacishere]

Bro if course is in English do we need to show german language proficiency for visa?

[@rajranjan1446]

No

[@germanywalla]

No

[@xyzxyzxyz-ci2qm]

i took personal loan for block account, how much I have to pay 0.5 or 5?

[@germanywalla]

5%

[@nashithmohammed7481]

Can I transfer half blocked account money from Germany and the other half from India.

[@germanywalla]

YES

[@anurudhrajvarma4486]

Bro is niyo global card working now? Ban hogaya bole...can we order and use it now?

[@germanywalla]

No. Their debit card is still banned. You can order their credit card, it's working successfully!

[@anurudhrajvarma4486]

@@germanywalla do they charge anything like annual fee extra extra?

[@satyabaral4424]

What about forex card? What will happen when i will load cash in my forex card

[@germanywalla]

If it's not an educational forex card then 20% otherwise 5%

[@satyabaral4424]

Thank u. But how to know which one is educational forex card

[@tauqeershaikh8]

Bro can we transfer money from 2 different account to the block account in order to avoid TCS.

[@germanywalla]

YES

[@tauqeershaikh8]

@@germanywalla does expatrio allows that

[@akibkhans9982]

agar multiple accounts se kiye ho toh, please batao ki kounsa blocked account provider use kiye aap@@tauqeershaikh8

[@rajkumarsarswat4648]

Thank you bro , bharat in germany ne dara diya tha 😥

[@germanywalla]

Mai huuu na🫂

[@parthbhatia2478]

Which bank is best for taking loan for blocked account?

[@germanywalla]

First priority should be public sector banks

[@mariano7621]

☝️ *Promosm*

[@cricket9022]

Please 🙏 🙏 reply😢😢😢😢😢😢

[@germanywalla]

Yes?

[@BellamyBlake_]

thanks for clearing bharat ne dimag kharab krdia tha unfollowed him

[@germanywalla]

Glad to help❤

[@placidity13]

Indian government becoming worse . And uneducated blind devotees in India . This is Major problem and Government is increasing that . This is worst phase in India .

[@polxania]

Pura uneducated India tumhare English me hi dikh rhi he

[@savage5502]

Only 4-6% people pays tax in India. What do you expect? This government is doing best to develop with such taxes as people going abroad is not compulsory, it's a choice. And I hope you and your family pays tax 😜

[@placidity13]

@@savage5502 good for you . India is nowhere close to even a developing country btw . It actually going backwards except gdp and inflation. Gdp due to huge population. No one chooses India if they have choice. A developed should have good happiness index . It is indicator of development, not gdp or looting taxes from people so that big businessmen can only benefit.

[@vital.gamingYT]

Sri lanka had better happiness index than us, where did that lead them too? I understand there are problems but rather than talking about solutions you are just talking bad about country.

[@savage5502]

@@placidity13 Happiness index? The same index where Sri Lanka, Pakistan etc are placed higher above India? And about development, rate of development is at its highest even during covid and war, give me one country that's doing better than India. Developed countries going into recession, India growing & bringing more industries/businesses in such times, when has that happened in last 70+ years? In the end, you believe in happiness index and other such propaganda index rather than country's growth numbers than there's nothing left to explain to you.

[@ajaysrivastava5875]

Hi bhai Need some urgent help Current status - just 12th passed Home - lucknow uttar pradesh Planning for germnay but confused between studentcolleg or 1 year bachelor in ind.? And like that many other doubts ! So can i contact you anyway bhai or can you provide me any consultant no.? Please 👐