Mny transfer

[JambaKrantu]

3 minutes ago, No_body_friends said:

antey US lo undi india lo real estate chese vallaki 40 % kotha?

ante kada. India lo when you buy some land you are converting your white money to black because if the actual land value is 1 crore, registration value will be 10L or 25L max. so the remaining money is effectively becoming black money. 

when you sell that property again, to make the money you got back as white money you have to pay 30% in taxes and when you want to transfer it out of the country another 5% surcharge. 

Even to do all of this, problem is you have to find a buyer who will pay you all white and good luck finding someone like that. 

[Spartan]

a dabbu to US lo illu konali ani plan cheste..forget about it.

[galiraju]

Charles Schawab checking, I guess. IDK

[tom bhayya]

4 hours ago, Assam_Bhayya said:

lol. . But ironically its the only way without having to go thru paper work and justification on repatriation of funds back to US and paying taxes etc.,

0.5% commission 🙏

Bhayya contact details please

[Spartan]

Just now, tom bhayya said:

Bhayya contact details please

neek reverse lo kaval kada..

 

[Tesla_Elon]

1 hour ago, Spartan said:

a dabbu to US lo illu konali ani plan cheste..forget about it.

Y did you say that?

[vaakel_saab]

afterall one crore ke intha lolla.. 

[sunnam]

7 hours ago, Siddu456 said:

 India  నుండి అమెరికా మనీ ట్రాన్స్ఫర్  ఒక కోటి ఎలా చేస్తేయ్ బెటర్ రేట్ వస్తుంది 

 

suggestions pls 

Only way is see if you can find friends who wants to send money to india. give them rupees in india and take dollars here.

If you try to get it through bank transfer then you will have to submit 15b form 15c form and some other form where your CA needs to prove TCS is deducted...this is time consuming cumbersome process with lot of approvals. Then you will lose lot in exchange rate. for eg. in general USD to INR buying rate is 71 Rs unte selling rate 75 Rs untadi. so you will lose 4 Rs per dollar in addition to fees... so don't do it via banks.

India is a F** up country. Do not even send money to india in the first place itself. I sincerely wish US Govt. introduces some sort of reciprocal commission same like india so that lot of people will stop sending money to india. it is a pure pain and torture.

[sunnam]

3 minutes ago, sunnam said:

Only way is see if you can find friends who wants to send money to india. give them rupees in india and take dollars here.

If you try to get it through bank transfer then you will have to submit 15b form 15c form and some other form where your CA needs to prove TCS is deducted...this is time consuming cumbersome process with lot of approvals. Then you will lose lot in exchange rate. for eg. in general USD to INR buying rate is 71 Rs unte selling rate 75 Rs untadi. so you will lose 4 Rs per dollar in addition to fees..Also only US banks that do wire transactions are BOFA and Citi.... so don't do it via banks.

India is a F** up country. Do not even send money to india in the first place itself. I sincerely wish US Govt. introduces some sort of reciprocal commission same like india so that lot of people will stop sending money to india. it is a pure pain and torture.

 

[teluguking]

https://transferwise.com/

[teluguking]

Just now, teluguking said:

https://transferwise.com/

best service

[Thantrik]

3 hours ago, JambaKrantu said:

ante kada. India lo when you buy some land you are converting your white money to black because if the actual land value is 1 crore, registration value will be 10L or 25L max. so the remaining money is effectively becoming black money. 

when you sell that property again, to make the money you got back as white money you have to pay 30% in taxes and when you want to transfer it out of the country another 5% surcharge. 

Even to do all of this, problem is you have to find a buyer who will pay you all white and good luck finding someone like that. 

so its better to move india now aithe ilanti properties chala untayi next gen lo..ela teesukuravalo teliyaka ikkada kids ki avvi telivu very interesting to watch in future

[Balibabu]

.

[Ryzen_renoir]

You can do it legally by banks after paying some commission. 

You have to just ensure that all the money is white .

As of now india doesn't have too many restrictions for outward flow to USA , hell you can even transfer black money but you will arrested under IT laws when you go back to india

[nokia123]

1 hour ago, sunnam said:

Only way is see if you can find friends who wants to send money to india. give them rupees in india and take dollars here.

If you try to get it through bank transfer then you will have to submit 15b form 15c form and some other form where your CA needs to prove TCS is deducted...this is time consuming cumbersome process with lot of approvals. Then you will lose lot in exchange rate. for eg. in general USD to INR buying rate is 71 Rs unte selling rate 75 Rs untadi. so you will lose 4 Rs per dollar in addition to fees... so don't do it via banks.

India is a F** up country. Do not even send money to india in the first place itself. I sincerely wish US Govt. introduces some sort of reciprocal commission same like india so that lot of people will stop sending money to india. it is a pure pain and torture.