Getting money from India to USA

[AryaD]

Planning to buy a house for investment . What is the process to get money from my dads account to my USA account ? Are there any tax implications with getting money back to USA? Is it allowed to get money from my India account to us account ?

[princeofheaven]

3 minutes ago, AryaD said:

Planning to buy a house for investment . What is the process to get money from my dads account to my USA account ? Are there any tax implications with getting money back to USA? Is it allowed to get money from my India account to us account ?

US$ 220k varaku Liberalised remittance scheme lo pampinchochu per year, ask him to go to HDFC or some other bank and ask for outward remittance..

[Vaampire]

No issues. India nunchi money thepinchukovochu. Bank loan processing time lo source of money adugutaru. Bank valley okka sample letter istharu. Mee dad daani meedha sing attest chesi pampisthey chaalu

[mirpakay]

21 minutes ago, AryaD said:

Planning to buy a house for investment . What is the process to get money from my dads account to my USA account ? Are there any tax implications with getting money back to USA? Is it allowed to get money from my India account to us account ?

Don't buy home for next 2 years. Market will crash very soon.

If you are on H1-B don't buy home as simple as that

[AryaD]

1 hour ago, Vaampire said:

No issues. India nunchi money thepinchukovochu. Bank loan processing time lo source of money adugutaru. Bank valley okka sample letter istharu. Mee dad daani meedha sing attest chesi pampisthey chaalu

Thanks bhayya . Do I need to report this gifted funds to IRS during my tax returns ?

[Feku]

Lttk

[NadiBezawada]

On 3/11/2017 at 9:41 PM, AryaD said:

Planning to buy a house for investment . What is the process to get money from my dads account to my USA account ? Are there any tax implications with getting money back to USA? Is it allowed to get money from my India account to us account ?

If you can give me Rupees in India, I can give you dollars here

[andhrafan85]

On 3/11/2017 at 9:41 PM, AryaD said:

Planning to buy a house for investment . What is the process to get money from my dads account to my USA account ? Are there any tax implications with getting money back to USA? Is it allowed to get money from my India account to us account ?

Dont take from parents

[afmod1]

8 minutes ago, andhrafan85 said:

Dont take from parents

Parents deggara black money undemo... they want to help him out..

or may be he sent them money now  hez taking it back..

both wrong..

[princeofheaven]

1 minute ago, afmod1 said:

Parents deggara black money undemo... they want to help him out..

or may be he sent them money now  hez taking it back..

both wrong..

black money cant be sent through banking channels, pampisthe assame

[crazymatta]

On 3/11/2017 at 9:04 PM, mirpakay said:

Don't buy home for next 2 years. Market will crash very soon.

If you are on H1-B don't buy home as simple as that

em market crash aythadhi bro..

h1b lo illu enduku konadhu as simple as that emundhi dantlo

[andhrafan85]

32 minutes ago, afmod1 said:

Parents deggara black money undemo... they want to help him out..

or may be he sent them money now  hez taking it back..

both wrong..

I did that once taking money from parents to pay univ fees, i regret that even today after 12 years. What ever happens i will never take from my parents and cause them discomfort

[afmod1]

9 minutes ago, andhrafan85 said:

I did that once taking money from parents to pay univ fees, i regret that even today after 12 years. What ever happens i will never take from my parents and cause them discomfort

yeah bro.. they have gone through a lot to give us this good life... its not good to expect from them again...

[AryaD]

On 3/14/2017 at 7:42 AM, andhrafan85 said:

Dont take from parents

I transferred few months back to invest in India and decided now to invest in US . So I am getting It back now .

[Quickgun_murugan]

17 minutes ago, AryaD said:

I transferred few months back to invest in India and decided now to invest in US . So I am getting It back now .

u nasty boy... GC ochedaka invest cheyyaku US lo