5% tax on overseas transfers from India (0.5% tax for education)

[AndhraneedSCS]

Effective today

 

https://www.livemint.com/news/india/5-tax-at-source-on-foreign-remittances-to-kick-in-from-1-october-11599628419888.html  

[Kootami]

india nunchi ekkadiki transfer ki 5% tax aah ?? atla aythey inka  real estate in india biscuit. 

[Picheshwar]

Lol education related remittance ki kooda 0.5% 😂

[reality]

Gujju lamdikes ki tax pichhi pattukundhi....

[Picheshwar]

Just now, reality said:

Gujju lamdikes ki tax pichhi pattukundhi....

 

4 minutes ago, Picheshwar said:

Lol education related remittance ki kooda 0.5% 😂

India lo income meeda tax katti malla ms kharchula paina tax. Super.

this shows how badly they ran out of resources.

[Peddayana]

arey education meedha koota entira babu , desam to too much competition , poragallu high interest loan teesukoni malli andulo ee tax kattala..so sad..

hope the govt removes the 0.5% tax on education..

[AndhraneedSCS]

18 minutes ago, Kootami said:

india nunchi ekkadiki transfer ki 5% tax aah ?? atla aythey inka  real estate in india biscuit. 

To india: No tax.

 

From India: 5 % tax (for amount >7 Lakhs) 

[reality]

Just now, AndhraneedSCS said:

To india: No tax.

 

From India: 5 % tax (for amount >7 Lakhs) 

To India no tax aa? GST fee ani charge chesthunnaru ga chala xfer websites

[AndhraneedSCS]

1 minute ago, Peddayana said:

arey education meedha koota entira babu , desam to too much competition , poragallu high interest loan teesukoni malli andulo ee tax kattala..so sad..

hope the govt removes the 0.5% tax on education..

.5% tax ante almost same as foreign exchange margin. Lite ani @flower party decided anta 

[AndhraneedSCS]

Just now, reality said:

To India no tax aa? GST fee ani charge chesthunnaru ga chala xfer websites

I mean, nothing additional ani 

[batman2]

17 minutes ago, reality said:

To India no tax aa? GST fee ani charge chesthunnaru ga chala xfer websites

fake news spotted

[AndhraneedSCS]

Janalu andariki Greencards vaste ... India ki entha bokka anedi teliyadam ledu ...

 

Most people with Grencards invest in US and not in India. 

 

Chala pedda loss ni pudchali ... taxes veste kanisam India lo assets ammukunni US ki transfer cheyyadam aaputharu ani ... munduchoopu tho taxes vesaru

[AndhraneedSCS]

Janalu ika money laundering chestaremo?

 

Find someone who has to send money to India. They give money in India and take in US 

[veerigadu]

1 minute ago, AndhraneedSCS said:

Janalu ika money laundering chestaremo?

 

Find someone who has to send money to India. They give money in India and take in US 

Already happening

[AndhraneedSCS]

1 minute ago, veerigadu said:

Already happening

Right now, this is happening in very few cases. Going forward, there are even more incentives to do it.