India nundi Money

[hotmaddy]

1 hour ago, kittaya said:

Go with Google rate man... Win win situation... 

Inr to dollar 

1 dollar  = 73 to 76 converaion..

Dollar to inr 

70rs to 71 rs

 

1 dollar  = 73 to 76 converaion.. Dollar to inr  70rs to 71 rs??

Where did you get these numbers from @kittaya?

[hotmaddy]

1 hour ago, Gulebakavali said:

Amount entha approx. ?

34 Lacs

[Pavanonline]

38 minutes ago, argadorn said:

Antay 1 crore pamputhay 20 lakhs Kattala givt ki .. are you serious 

no joking, India lo investment pettina vallaki migiledi chippe if they want to get back.

[manamthoupule]

1 hour ago, no01 said:

July 1st nundi new rule anta kada from Modi govt.....India to US amount transfer chesthe 20% tax (except for tuition fee and medical expense)....so if u are planning to bring say Rs 1cr, then 20lakhs tax kattali and remaining 80 lakhs lo wire transfer fee etc....so plan to bring by June end

This is for residents if they want to convert rupee to USD. Not applicable for NRI's. NRI's can remit up to RBI limits without any tax.

[thanks]

2 minutes ago, manamthoupule said:

This is for residents if they want to convert rupee to USD. Not applicable for NRI's. NRI's can remit up to RBI limits without any tax.

Do you have credible source link?

[Spartan]

The rule for 20% tax is only for Indian Citizens.

NRIs are exempted from that rule.

[Spartan]

Q: What is the impact of TCS on Non-Residents?

Non-residents, who used to receive money from Resident relatives in India, will face a less cash inflow as the TCS will be collected by the banks on the remittance amount. Hence, if a Resident Indian wishes to send a gift remittance or other remittance to his/her Non-Resident Relatives (NRI, Foreign Citizen) then out of the total cash flow available with Indian Resident there will be a Tax Collected at Source also by Bank. To that extent remittance amount will be reduced. Hence, less cash inflow to Non-Residents.

Q: Whether TCS is applicable on money being remitted by NRIs, Foreign Citizens from NRO account to NRE/Foreign Account?

No. Remittance by NRIs, PIOs, OCIs from their NRO account is covered under USD 1 Million Scheme. TCS u/s 206C(1G) is not applicable on USD 1 Million Scheme of NRIs, PIOs.

[kittaya]

27 minutes ago, hotmaddy said:

1 dollar  = 73 to 76 converaion.. Dollar to inr  70rs to 71 rs??

Where did you get these numbers from @kittaya?

Wester Union zoom transferwise

[Gulebakavali]

28 minutes ago, hotmaddy said:

34 Lacs

Oka date agree cheskondi. Aa date lo rate fix and abide by that rate, however  exchange fluctuate . General ga xoom fix avatam better. Most relatives think we r gettin free money. Oka 50 -75 paisa dagara beram cheyaku, fix on xoom price. You might need them down the road.

[Abhagyudu]

4 minutes ago, Gulebakavali said:

Oka date agree cheskondi. Aa date lo rate fix and abide by that rate, however  exchange fluctuate . General ga xoom fix avatam better. Most relatives think we r gettin free money. Oka 50 -75 paisa dagara beram cheyaku, fix on xoom price. You might need them down the road.

Nenu xe use chestha.. I take a screenshot and send it to them 

[Gulebakavali]

Just now, Abhagyudu said:

Nenu xe use chestha.. I take a screenshot and send it to them 

Aa pakkanollu kuda educated ithe ok, but sometimes elderly parents tho ni deal situation untadi. Funny ga untadi, they would have their own math based on google rate. 

[Sanjiv]

Aa tax edo NRIs ki kuda apply chesi transfer limits lepi pareste cool. Multi-million transfers done in one go and no need to span transfers over many years transferring just 1M per year.

[SwamyRaRa]

Ltt