How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme

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[@internetuser9956]

Exactly, Sir! The Definition of What's legal and what's not is constantly changing. Thank God! This channel is clarifying this and more.

[@MamtaSharma-qv7rf]

I request you to cover how a new immigrant can transfer their funds overseas

[@mathewkl9011]

Beautifully explained sir. Very useful to common people. Kudos to both sirs👍

[@spreadgoodness1]

Like all your videos this is also superb. Every information is authentic. What a great service! Be blessed always.

[@umeshrr4469]

Very simplify explanation Thanks you both. It will be very helpful if you cover NRI inr remittance to foreign

[@adityasarma4425]

Dhanyawad ji for excellent and lucid presentation by SriRam ji and impressive anchoring subject u chose.

[@kannada080665]

Beautifully Explained, Your effort to simplify rules is praise wothy

[@vijayanpillai3800]

A great information and that clears lots of doubt of common man. Thanks a lot.

[@sumit2000in]

This is the best video on FEMA and LRS on KZbin so far.

[@NRIMoneyClinic]

Thank you very much

[@sarvesondurai9319]

Very useful information. Details are explained in a lucid manner and cover all kinds of needs/requirements.

[@nirmalaarote9566]

EXCELLENT INFORMATION.THANKS TO BOTH SIRS.

[@tincyannehot]

One very common topic touched. Great job!

[@prasadhonnavara875]

Very good interview n good analysis by the anchor n the learned young CA.i am really enlightened.thank you.

[@potatolover6340]

Thanku very much sir..... This video cleared most of my doubts.... God bless u.... Keep making such informative videos 👍

[@Drganguli]

Very useful information for students studying abroad and their parents

[@sreedharanmenokey3488]

Excellent presentation Good pronunciation Thank you thank you thank you (Please make a reference to GST applicable to Foreign outward remittance)

[@jatinkumarbarot6984]

Good information, every person whose children at abroad should know about lrs.

[@bluevaruns]

Very informative. Thank you for a great session and sharing.

[@sanketjoshi6620]

Very coherent and succinctly provided information.

[@ragininigam4280]

Very well explained. Thank you very much. It's a big help for us.

[@SkiNett]

You people are doing a great Job, Please keep Educating, Thanks !

[@ramanremella8418]

The best on the subject. Thank you

[@ranisrikumar5735]

Very good presentation and guidance, without wasting time 🎉🙏

[@1974xaviers]

Dr. Chandrkant your videos was helpful..thank you so much

[@raghavansourirajan7243]

Thanks for advising on such important issue

[@karthipal]

Thank you very much for all the details provided.

[@bornagainhuman7581]

Awesome content. Liked the detailed explanation.

[@rajanna86]

Very informative and educative. Thank you.

[@srinivasantv5863]

Very useful information. Thanks to both. Great.

[@karuppiahp235]

VERY very useful information explained in detail, depth in a easily understandable way by both -CA & Mr Chandrakanth - the questions asked by CK are very relevant and required for those who donot have much awareness about FX ! Great effort. A must watch video. Thanks a lot to both.

[@kkavadhani4580]

Useful.

[@rambaskaran1729]

Health Reasons! Any limit other than $250000? Great Financial matters advise and instructions! Thanks again!

[@nagabhushana1150]

Very useful discussion. Thank you.

[@raviarcot3145]

Many such chartered accountancy related topics r Wellcome!

[@sitarampal6753]

Very Helpful, my use case I am an NRI wanted to purchase a home and needed some fund from India

[@h.lakshmana.apptha7115]

very informative, sincerely thank you.

[@manzoor9alamkhan238]

Very informative about an issue that is at the back of the minds of a lot of people but didn't know whom to ask.

[@vivekananad]

very useful information. Thank you sir!

[@daredevil1079]

Siram tie brings back memories of my late father, he had one just like that for over 35 years .now I have it .

[@girishmenon4687]

No one cares about your tie. Did u even take anything else out of this?

[@jawaharbhalla9759]

Very very useful information. Thanks

[@meghnadwarrier1227]

excellent video. very informative. thanks

[@anil_madan]

Dear Chandrakant, I found this video quite useful. Could you pls. inform how OCI card holders can transfer their INR funds to their overseas account ?

[@prasangaferdinandusz9866]

Thank you Sir for valubale insight

[@Ankur71284]

After seeing the title I thought they will talk about how NRI can bring his own money from India to USA 🇺🇸 .. why India make everything so hard I can send money to India 🇮🇳 from USA 🇺🇸 Xoom $50000 easily but not other way around ..

[@sir-cute]

True bro. Did you find the right and most economic way to do so ?

[@Ankur71284]

@@sir-cute not yet .. didn’t go India last year ..

[@inspirationalshortvideos247]

I agree. The answer is its a third world country.

[@satendramalhotra44]

good info. There are NRIs who were earlier RIs for long years and have funds earned and accumulated in INR in India. How do such NRIs remit such funds abroad fir their own use/ use off relatives etc

[@deepikaatkinson4111]

You are right, I just experienced this!! I have transferred funds to India many times from the US, but when I try to get my money back from india there is a restriction on how I can get to another country every year and I got disappointed.. Unless it is a business bank, I think you may transfer a lot more funds from India. Well, I will get to know about that too..

[@subhajitguha3283]

Could you please enlighten whether to FiIe FORM ODI of PART I. As per my understanding Form A2 laso needs to be filed for Annual performance report. Kindly let me know what are the forms need to be filed and when

[@sumitdesai9265]

Excellent content!!!! Great information!!!! Lengthy video but with lots of details and information. Thank you for making this video.

[@haiderrangwala7052]

Excellent interview.

[@712anup1]

Done Great Job!!

[@nareshkumars5124]

thanks for educating me

[@ashpillai]

Dear Mr. Bhatt, would it be possible for a video about the proposed changes proposed in the 2023 union budget to outward remittance taxation. An increase to 20% from 5% on remittances above $8500 is definitely worth a discussion!

[@kalyan1213]

Hello Mr, Bhatt Can you please reply on this? What are the alternatives to transfer money from India to USA?

[@ganeshgarg8225]

Your spoken statement may be true,Sir. In practice the financial crooks are transferring the Indian funds to their overseas interests without following the rules with the connivance of the bank and government officials, see Neerav Modi , Vijaya Mallyayya and others to name a few .

[@prakashdusane3443]

Highly Informative

[@leg875]

4:29 things are getting crystal clear only Chandrakanth sir explains :)

[@jesussavesmission9240]

Useful information.,Thank you

[@sairajeev7495]

How about transferring money from my account in india to a foreign account under my name again. Do we have any restrictions?

[@veenasinha6622]

Important topic talk.🇬🇧

[@rambond7539]

Very good information, learned new thing about TCS. Thanks. Can you make a video of transferring funds from NRO to NRE account?

[@NRIMoneyClinic]

This video is already there on the channel

[@subhashkharat2592]

Very nicely explained.

[@mobilemjd]

Thank you Sir 🙏

[@kunal9657]

Very Informative Video.

[@nairsn1469]

Very useful information. Highly appreciated. Would appreciate if you could explain the tax implications also for transfer up to INR 7 lakhs.

[@khajuriaarun8874]

UpTo 7 lacs per financial year by the same remitter there will be no TCS amount exceeding seven lacs will face 5% TCS

[@rajneeshchaudhary3397]

thank u so much sir

[@mythilisundar8012]

If transferred as Gift from Resident to Non Redident either thru forex or INR whether it will not attract gift tax to be paid by the receiver.

[@sumeetarora6552]

Pls explain how we transfer from abroad to india ..n whatis limit in nre acct in one financial year

[@manjitsinghkahlon3792]

This is very informative pl let us know the rate of sending money which is very complicate and let of people facing of over paying for sending the money outside india

[@utube460]

Very appropriate & this makes the matter crystal clear !

[@yettapunarayanareddy7284]

Good analysis

[@manoharansubramaniam8595]

Father wants to gift his amount from selling the property to his sons who are NRI, what is the maximum amount gifted to each one of them and are there any tax to be paid?

[@mahendranparameswaran9306]

Thanks Sir good information

[@rrdkirori]

Sir, what is capital account for resident indian or when required to be opened by a resident indian

[@loveearthly]

Very well made instructional video. Saved the 5% levy on txns for the last 5 mins. 😄🙏🏻

[@jijeesh1000]

Can you help me ?

[@cypriandantis4487]

Thanks for the update information. All the best. God bless

[@jojijohnabraham3641]

Query: Individual had a salary account (Resident / Tax paid and returns filed) and later migrated to overseas (Non-Resident) i.e. Foreign bank account. On transferring money for maintenance from own resident to foreign bank account, LRS is applicable right ? Limit states more than 7 lacs, there is 5% charges applicable. Is there any way to file a return for this ?

[@sbalap]

Excellent information

[@piyushrvyas]

Thanks a lot, it was very informative.

[@srinivasangopal4499]

Can I transfer money electronically instead of going thro a forex dealer or a bank ? Pl clarify

[@user-bx5bb4zt9w]

Can u pl be enlighten if we have in US dollar FD and want to transfer when we migrate permanently to australia ? Is only 250,000 allowed or all while migrating.

[@SV-go5ue]

A very good video covers all aspect. Thank you so much! One quick question. Do we need to fill A2 even when a parent gift money to his son/daughter who is an NRI by transferring from resident indian account to NRI's son/daughter NRO account in india?

[@sriramrao2514]

No such compulsion now on payments to NRO account from resident account as it is not repatriated from India...

[@SV-go5ue]

@@sriramrao2514 Thank you so much Sir!

[@radhakrishnank1147]

Valuable informations

[@gracymachado2450]

Funds transferred from NRE fixed deposits needs to fill Form A2 and declare FEMA not exceeded $250000. Is it for Residents or NRI?

[@kkrishnamoorthy8213]

A good service by NRI Money Clinic.

[@pratibhaangane1013]

Very nice information

[@rajeshbuch8281]

Sir, can LRS be used fir the purpose of a cash gift to children or grand children residing abroad ???

[@atul58]

If someone wishes to gift an amount to his child who is now foreign citizen ( person of Indian origin) do the same rules apply ?

[@NRIMoneyClinic]

Yes

[@atul58]

@@NRIMoneyClinic Thanks 🙏

[@FarooqAhmad-en1so]

Very aptly put.This is an year old video.DR Sahab does the information still hold good?Have the rules changed?Thank you again.

[@NRIMoneyClinic]

Very much valid

[@cedricdias8764]

When you conduct a discussion like this both or all people should be visible in the frame.

[@mysorenataraj1378]

At one point your expert said even a loan given to a son by father comes under lrs? A child can be given any amount as a gift correct? How do you distinguish a loan with out interest from a gift?

[@sriramrao2514]

Very debatable issue… it all depends on execution of transactions & documents/evidences in that aspect…

[@ramaiahkolluru2971]

Can a resident do it for his son or daughter who are actually not NRIs but are citizens under the clause parents are of indian orig

[@arshS27]

TDS on gift from residnt indian ( not relative ) to NRI in canada ?

[@kamymehta]

Sir Good information. One clarity required - Is this limit of LRS or USD 2.5 lac also applies for the resident transfer to Non resident in its NRO account?

[@accountsaccounts3415]

Dear Sir Thanx for sharing such a valuable video. I have a query. I have registered a single Mmber LLC in USA which can issue Membership certificate instead of Share/stock certificate.But as per FEMA an Resident individual can do Overseas Direct Investment in Equity only.Then how can I transfer /Remitt money to my USA registered LLC from India in absent of Equity share ? Also we can see a lot of such LLC formed every year in a very easy way,how such LLC do business expenses ,security deposits(wherever applicable)without investing any capital from India ? Kindly guide us with the options

[@atukaku123]

I have got some options from a UK based company as compensation for providing consultancy services. I need to exercise these options, for which I need to pay nominal exercise price. However HDFC and ICICI Bank are not able to execute this outward remittance as they are not sure about correct purpose code. This investment will be in equity shares. Can someone guide for purpose code please. UK based company do not have any subsidiary in India. Please guide.

[@amhikedar]

Is it possible i cn get in touch wid a CA wid experience in saefarers and from mumbai

[@suniljindal9371]

if I want to return money to my brother (NRI). He has lent it to me. Am I allowed to remit?

[@thajudeen1327]

My Question is Funded account allowed in India or not ? Because we r paid registration only after pass they given huge amount for trading. That amount after profit they send to us. It is legal or illegal?

[@seetha913]

Please also add bank accounts ... Which bank account debited domestic/nro.... Which account the amount credited NRE/FCNR...etc...more helpful to us

[@premlatarao88]

I want know a US resident in US if gives a big amount. to his friend there. who is US resident. . Do his friend has to pay tax again? Please clarify.

[@rc5553]

Thank you. It was very helpful. I have a doubt. Can a NRe transfer 10000 Euro from India from his NRE account to another NRE aboard. Two persons both are NRE . Is it allowed.

[@shinedas2264]

Good subject and good attempt

[@dipti5381]

Hlo sir, who will signed on authorised dealer section in A2 form??? My bank is not doing this by saying that they are in rural area.So, what I have to do now????

[@chanderasarpota9280]

Pls clarify is TCS form is required for transferring funds overseas to my child, from my RFC account.

[@sriramrao2514]

While making payment from RFC the same will automatically be considered under LRS & TCS will directly be collected by banker, if the same becomes applicable… no separate form for it…