*help* planning to buy land, how much I can send

[InSearch]

meeru or mee friends lo evarina chesi unte please information telupagalaru..

India lo land kondam anukuntunnam, around 15 lakhs ikkadi nundi pampaali (of course balance transfers and frnds daagra appu chesina dabbulu ..etc)

15 laks maa nanna acoount lo veste via xoom emaina problemaa? nanna India lo emaina tax lu kattala antha money ayana account lo deposit ayyindi kabatti?

friends ni adigi valla xoom accounts nundi kooda pampinchalsi untundemo, xoom vaadu evo limits pedataadu kada?

any known information is appreciated...

[Lakhan]

12 minutes ago, InSearch said:

meeru or mee friends lo evarina chesi unte please information telupagalaru..

India lo land kondam anukuntunnam, around 15 lakhs ikkadi nundi pampaali (of course balance transfers and frnds daagra appu chesina dabbulu ..etc)

15 laks maa nanna acoount lo veste via xoom emaina problemaa? nanna India lo emaina tax lu kattala antha money ayana account lo deposit ayyindi kabatti?

friends ni adigi valla xoom accounts nundi kooda pampinchalsi untundemo, xoom vaadu evo limits pedataadu kada?

any known information is appreciated...

neeku account leda india lo??

[InSearch]

9 minutes ago, Lakhan said:

neeku account leda india lo??

undi brother.. but no checkbook.. so nanna antha money withdraw cheyyatam kastam kadaa

[InSearch]

LTT

[Spartan]

35 minutes ago, InSearch said:

undi brother.. but no checkbook.. so nanna antha money withdraw cheyyatam kastam kadaa

open NRO account online, xfer money to it. assign ur dad as secondary account holder

he can withdraw it. 

anta time ledu ante, i dont think it will be a problem xferrring amount to ur dads account.

tax kattanavasaram ledu (techinically u might need to but pattinchukoru)

[InSearch]

1 minute ago, Spartan said:

open NRO account online, xfer money to it. assign ur dad as secondary account holder

he can withdraw it. 

anta time ledu ante, i dont think it will be a problem xferrring amount to ur dads account.

tax kattanavasaram ledu (techinically u might need to but pattinchukoru)

Thanks bhayya

[chito]

As per gift tax act, money transferred to parents is not taxable in India. I've transferred more than 15 lakhs in a week to my parents while purchasing an apartment.

Maybe send multiple transfers like < 5 lakhs each as if it's a lump sum amount then bank might ask your parents to provide some documents with recent demonetization rules. 

Xoom lo once you provide SSN, you can transfer 20,000 USD (30 days) and 30,000 USD (180 days) 

[Silent_Boy]

4 hours ago, InSearch said:

undi brother.. but no checkbook.. so nanna antha money withdraw cheyyatam kastam kadaa

make your dad as nominee on your nre account.  So he can act as you in India. 

[Maryadaramanna]

Don't open any new account; ado pedda bokka. You can send upto 30 lakh per month to parents no one cares. 

But, endukaina manchidi send small amounts (<2 lakh) in one transaction. 

Personal experiences specific ga evaru share cheskokapovachu, but most of us experienced the same situation. chill 

[idibezwada]

no issue ...bindassga pampochu

[InSearch]

On 8/29/2018 at 1:53 PM, chito said:

As per gift tax act, money transferred to parents is not taxable in India. I've transferred more than 15 lakhs in a week to my parents while purchasing an apartment.

Maybe send multiple transfers like < 5 lakhs each as if it's a lump sum amount then bank might ask your parents to provide some documents with recent demonetization rules. 

Xoom lo once you provide SSN, you can transfer 20,000 USD (30 days) and 30,000 USD (180 days) 

 

21 hours ago, Maryadaramanna said:

Don't open any new account; ado pedda bokka. You can send upto 30 lakh per month to parents no one cares. 

But, endukaina manchidi send small amounts (<2 lakh) in one transaction. 

Personal experiences specific ga evaru share cheskokapovachu, but most of us experienced the same situation. chill 

 

On 8/29/2018 at 1:19 PM, Spartan said:

open NRO account online, xfer money to it. assign ur dad as secondary account holder

he can withdraw it. 

anta time ledu ante, i dont think it will be a problem xferrring amount to ur dads account.

tax kattanavasaram ledu (techinically u might need to but pattinchukoru)

ippude xoom vaadido matladina, ikkadi nundi easyga pampochu..

nanna auditor tho maatladaaru India lo.. bank may ask to provide a notarized document saying.. he is my son and he is earning the money legally in USA, no issues because it's all tellaMoney. for 15 lakhs adagaru sir annaranta

I will use xoom for now and @Spartancheppinatlu NRO open chjestha for future..

[reddyeee]

On 8/29/2018 at 11:19 AM, InSearch said:

meeru or mee friends lo evarina chesi unte please information telupagalaru..

India lo land kondam anukuntunnam, around 15 lakhs ikkadi nundi pampaali (of course balance transfers and frnds daagra appu chesina dabbulu ..etc)

15 laks maa nanna acoount lo veste via xoom emaina problemaa? nanna India lo emaina tax lu kattala antha money ayana account lo deposit ayyindi kabatti?

friends ni adigi valla xoom accounts nundi kooda pampinchalsi untundemo, xoom vaadu evo limits pedataadu kada?

any known information is appreciated...

15L picha lite. mee father account ki ok. Mee mom ki kuda acount vunte then 10L below pampu each account ki.

xoom lo restrictions vuntayi. DL, paystubs etc ichi limit increase cheyyamante chestaru. 

Friends or relatives lo evaraina ikkada nee money teesukoni India lo istaremo .. adi oka option .... kontha mandhi India lo money ikkadaki techukovadaaniki ila chestaru.

[InSearch]

On 8/29/2018 at 1:19 PM, Spartan said:

open NRO account online, xfer money to it. assign ur dad as secondary account holder

he can withdraw it. 

anta time ledu ante, i dont think it will be a problem xferrring amount to ur dads account.

tax kattanavasaram ledu (techinically u might need to but pattinchukoru)

bro.. spoke to a HDFC rep. He said open both NRE and NRO.. 

internet lo mastu content chusina, clarity ledu..

My purpose is: send money from usa to India legally, so that my dad doesn't have to deal with any documentation needs from bank. And also if I buy a property in India, I should be able to pay from my account and also use the same account for expenses occurring during my visit there..

Please help, manku 2 accounts kaavala? only nro saripotunda?

[Hitman]

ee NRE, NRO lu bokka.. if you think keeping money with parents is Ok for you.. keep it with them. they get extra interest, if u keep in NRE u have to report in USA tax filing. NRO interest takkuva fees ekkuva...

[Hitman]

4 minutes ago, InSearch said:

bro.. spoke to a HDFC rep. He said open both NRE and NRO.. 

internet lo mastu content chusina, clarity ledu..

My purpose is: send money from usa to India legally, so that my dad doesn't have to deal with any documentation needs from bank. And also if I buy a property in India, I should be able to pay from my account and also use the same account for expenses occurring during my visit there..

Please help, manku 2 accounts kaavala? only nro saripotunda?

Get both accounts. NRE you can transfer funds from here, operate online, no others can deposit into this account. NRO others can deposit.