Getting money from India to USA

[Quickgun_murugan]

On ‎3‎/‎11‎/‎2017 at 7:41 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 ?

K

[Quickgun_murugan]

6 hours ago, Quickgun_murugan said:

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

 

[kiraak_poradu]

13 minutes ago, Quickgun_murugan said:

 

e thread chusina nuvve untanav

oh my konda dora

 

 

 

[Quickgun_murugan]

5 minutes ago, kiraak_poradu said:

e thread chusina nuvve untanav

oh my konda dora

 

 

 

[Bhai]

20 minutes ago, kiraak_poradu said:

e thread chusina nuvve untanav

oh my konda dora

 

 

 

[AryaD]

9 hours ago, Quickgun_murugan said:

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

GC vachesariki my age will be around 45-50 bhayya . Emi chesukonu appaudu konukkoni 

[Quickgun_murugan]

5 hours ago, AryaD said:

GC vachesariki my age will be around 45-50 bhayya . Emi chesukonu appaudu konukkoni 

Lol

[Android_Halwa]

On 3/14/2017 at 6:35 AM, NadiBezawada said:

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

That's illegal and that's called as hawala..! You have better sources than that. Pay taxes and transfer the money...or else, face the risk of tax man knocking on the door...Do you really want to trouble your parents back home just to invest in property in USA ?

[Android_Halwa]

Modern world and there are better places to place your risk than buying a home, pay mortgage for decade and realise that even though it got appreciated, you just waited 10 years to get that 10% more on the property...

better gamble money than to buy property with cash and waiting for it to appreciate. Most unsuccessful investment idea on earth. Typical Indian mentality and once we buy stuff such as house, we will never sell it thinking it would be useful in trouble times and keep on taking risk and getting it validated every 2-3 years with a hope of getting better returns if we can wait for few more years...crap man..!!! 

Invest some where else man...it's USA where land is plenty..not India where land is scarce. The world runs in one principle, Demand and Supply. If the price appreciation is beyond this principle, it will get bursted sooner or later. 

[Merabharathmahan]

india nundi usa send cheyalante bank ki velthe manager cheptadu process. Aa dabbulaku source enti ela vachay and taxes aa dabbulaki kattavo ledo chustaru. If it is big money more than $10K then incometax n rbi monitor that. If that money is clean and paid taxes on that then no need to worry even it is $200k. 

LRS through parents pampivvochu. Gift from parents from other country to usa isthe no gift tax in usa and india up to some $200K per year something

[Merabharathmahan]

22 hours 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 .

So nuvve usa nundi money sent to parents account to india? Now aa money ni malli mee parents nundi usa ki theppinchukuntunnava? 

In this case you have solid proof of transfered money from usa to parents account in india. Keep those transferred remittance receipts. India lo IT or bank vallu adigithe chupinchochu. 

[AryaD]

On 4/1/2017 at 6:03 AM, Merabharathmahan said:

So nuvve usa nundi money sent to parents account to india? Now aa money ni malli mee parents nundi usa ki theppinchukuntunnava? 

In this case you have solid proof of transfered money from usa to parents account in india. Keep those transferred remittance receipts. India lo IT or bank vallu adigithe chupinchochu. 

Yes I have remittance records as a proof . Thanks for your answer

[Merabharathmahan]

$100K kanna ekkuva mee parents usa ki pampisthe edo reporting cheyalsi untadi usa lo.  Gift from foreign countries exceeds $100K then u need to report. u r getting money from parents so it is gift money. 

[stockdazzler]

On 4/1/2017 at 3:47 AM, Android_Halwa said:

Modern world and there are better places to place your risk than buying a home, pay mortgage for decade and realise that even though it got appreciated, you just waited 10 years to get that 10% more on the property...

better gamble money than to buy property with cash and waiting for it to appreciate. Most unsuccessful investment idea on earth. Typical Indian mentality and once we buy stuff such as house, we will never sell it thinking it would be useful in trouble times and keep on taking risk and getting it validated every 2-3 years with a hope of getting better returns if we can wait for few more years...crap man..!!! 

Invest some where else man...it's USA where land is plenty..not India where land is scarce. The world runs in one principle, Demand and Supply. If the price appreciation is beyond this principle, it will get bursted sooner or later. 

I agree with your point but gambling ? 100% loss ravacchu.. a stupid idea..  if you don't have any knowledge about investing at least real estate will give you the same amount +/- 10% in most cases.