Reason why China bended to US tariffs

[neekunuvvetopu]

4 hours ago, mazar said:

where is the 25% charged?

for RE selling - the rule is you pay the 25% TDS on it now and take it later  and 20% TDS on the remittances if you do any with the money you got.

[mazar]

14 minutes ago, neekunuvvetopu said:

for RE selling - the rule is you pay the 25% TDS on it now and take it later  and 20% TDS on the remittances if you do any with the money you got.

as of today where is ind gov taking tax on remittances?? infact if you remit to nri account then your interest is also not taxed

[neekunuvvetopu]

On 5/19/2025 at 4:35 PM, mazar said:

as of today where is ind gov taking tax on remittances?? infact if you remit to nri account then your interest is also not taxed

Bro.. that's not true.  It's called TCS - it is collected unless you are sending it for education and few other purpose.  did you do any transactions recently without paying?  I did sell one RE and they didn't allow me to transfer the funds as the sale is more than 2 properties.  Essentially one only - but, buyer wanted three floors, three different transactions.  When ICICI bank saw it was more than two properties - they said, get a letter from rbi

[mazar]

1 hour ago, neekunuvvetopu said:

Bro.. that's not true.  It's called TCS - it is collected unless you are sending it for education and few other purpose.  did you do any transactions recently without paying?  I did sell one RE and they didn't allow me to transfer the funds as the sale is more than 2 properties.  Essentially one only - but, buyer wanted three floors, three different transactions.  When ICICI bank saw it was more than two properties - they said, get a letter from rbi

ok maybe we are talking 2 different things

I am referring to remittance wire transfer from overseas bank to a NRE account. the money there and its interest is not taxed atleast so far 

[neekunuvvetopu]

2 hours ago, mazar said:

ok maybe we are talking 2 different things

I am referring to remittance wire transfer from overseas bank to a NRE account. the money there and its interest is not taxed atleast so far 

yes.. there will be no charge for incoming remittances in india.  I was referring to was the money being sent from India to US