tag:blogger.com,1999:blog-7036721709697976873.post2781272404260638814..comments2023-09-01T23:33:35.514-07:00Comments on SavingsFunda: Yes, Transfer Money form NRO to NRE Saving Account, FCNR is Allowedjavin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-7036721709697976873.post-6051102107834010062020-10-31T23:43:41.579-07:002020-10-31T23:43:41.579-07:00Hello Mini, first convert your resident account to...Hello Mini, first convert your resident account to NRO account, you also need to open another Demat account and then liquidate your shares, money will go to the NRO Account and then you can repatriate after paying taxesjavin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-58203745187820221262020-10-25T01:21:02.731-07:002020-10-25T01:21:02.731-07:00Hi,
I was working in India earlier and held my sa...Hi,<br /><br />I was working in India earlier and held my savings account and did investments in shares and mutual funds through my demat account linked with it. Now have moved out of India and have opened an NRE account to send my savings - as my main purpose is to repatriate funds out of India again when I need it. However how do I access my funds lying in domestic account and demat account for repatriation when needed? Am yet to convert my domestic account to NRO account. Can anyone help me on this please?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-61723995283576633622020-01-26T23:40:34.570-08:002020-01-26T23:40:34.570-08:00Since you are an Indian citizen, your global incom...Since you are an Indian citizen, your global income will be taxed in India. This income will add into your total income for this financial year. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-31092850273096536952020-01-11T20:58:17.518-08:002020-01-11T20:58:17.518-08:00Hi Javin, I have NRE account in India. For a small...Hi Javin, I have NRE account in India. For a small consultancy work abroad, a client is willing to pay me in euros. Are there source of fund implication for this money received into my NRE account as its not taxed abroad?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-52216609282396227472019-06-30T06:42:16.364-07:002019-06-30T06:42:16.364-07:00i think as per the notification no issued by CBDT...i think as per the notification no issued by CBDT in Dec 2015 , Form 15 CA and Form 15 CB<br />will not be required for transfer of funds from NRO S B account to NRE S B account when<br />the nature of payment fall under family maintenance ,savings etc and this will be <br />wef April 1, 2016. Please confirm.Anonymoushttps://www.blogger.com/profile/17937180711168964869noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-72685533262716716742019-05-19T20:41:35.536-07:002019-05-19T20:41:35.536-07:00Do I need to show proof for the money I earned aft...Do I need to show proof for the money I earned after paying income tax as it was my salary account when i worked for the company in India. Do you know what kind of Proof I will have to show? I have IT return of the last 3 year before I left India .Pushihttps://www.blogger.com/profile/05398848723855012158noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-39975957881756558022019-05-19T19:14:00.020-07:002019-05-19T19:14:00.020-07:00If you can show the proof then I don't think y...If you can show the proof then I don't think you need to pay tax again. What does your bank says? they will ask for some form of proof definitely. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-9453383240903684802019-05-19T13:13:29.811-07:002019-05-19T13:13:29.811-07:00My HDFC bank converted my current account which ha...My HDFC bank converted my current account which has money earned in India into NRO account. The money I earned in the account was my salary earned in India and I already paid taxes for the same before I moved to USA .<br />Now I have both NRE and NRO account and I want to transfer the money from NRO account to NRE. Do I still need to pay taxes again?Pushihttps://www.blogger.com/profile/05398848723855012158noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-40811048467821099182019-05-13T06:04:40.966-07:002019-05-13T06:04:40.966-07:00Hello @Unknonwn, you need to transfer that money f...Hello @Unknonwn, you need to transfer that money from NRO, pay the tax and then you can transfer to your USA account. NRO Accounts allows upto 1 million USD per financial year transfer to overseas. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-29653196355375646272019-05-13T03:15:12.114-07:002019-05-13T03:15:12.114-07:00my hdfc bank told me open NRO account and NRE acc...my hdfc bank told me open NRO account and NRE account. now the NRE account has only 10000rs NRO account has 1600000rs. i sold my house i am getting over 90lakhs witch account i should put it to transfer to USA. because i live in USA past 50 years .this house is given by my mother. Anonymoushttps://www.blogger.com/profile/07532348743934409625noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-35614013892871666492019-02-28T21:31:09.122-08:002019-02-28T21:31:09.122-08:00As per rule 37 BB, NO NEED TO SUBMIT FORM 15CA AND...As per rule 37 BB, NO NEED TO SUBMIT FORM 15CA AND 15CB UNDER THE LIBERILISED REMITTANCE SCHEME. RBI NEVER PRESCRIBE ANY STANDING INSTRUCTIONS TO THE AUTHORISED BANKS. BANK HAS THE RIGHT TO VERIFY THE VERACITY OF THE CUSTOMER CREDIDIBILITY.Ranganathanhttps://www.blogger.com/profile/12715199607673802156noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-51744044765511299252018-11-20T04:30:20.065-08:002018-11-20T04:30:20.065-08:00Possible, as you can transfer from NRO to NRE acco...Possible, as you can transfer from NRO to NRE account, but you need to pay taxes on that, even though it initially came from NRE account. That's why it's better to use NRE when your source of income is overseas. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-91970741825814988642018-11-01T12:41:45.725-07:002018-11-01T12:41:45.725-07:00hi, i have around 30 lacs inr in nro deposit and a...hi, i have around 30 lacs inr in nro deposit and all money came from nre account, now i wanted to convert back to nre is is possible ?<br /><br />rakeshAnonymoushttps://www.blogger.com/profile/05470396458096649866noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-57072241006458834242017-12-29T07:13:26.251-08:002017-12-29T07:13:26.251-08:00 As per CBDT notification, NO 93/2015 dated 16th ... As per CBDT notification, NO 93/2015 dated 16th December 2015 effective from 01.04.2016 FORM 15CA and or 15CB is not required for specified 33 purposes in the CBDT notification. However, some banks are asking for FORM 15CA and 15CB due to having improper knowledge.A.L.Chaudharyhttps://www.blogger.com/profile/05782941089891282076noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-44655175114796690142017-11-19T16:41:40.918-08:002017-11-19T16:41:40.918-08:00I have indian rupees as a resident and i am canadi...I have indian rupees as a resident and i am canadian/us citizen can i transfer this money into NRE rupees account. Presently I am filling incometax return for this money Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-6851889958229326462017-06-12T05:24:22.480-07:002017-06-12T05:24:22.480-07:00Hell @Anonymous, you can check my post about onlin...Hell @Anonymous, you can check my post about <a href="http://savingsfunda.blogspot.sg/2016/06/how-to-send-money-to-overseas-from-nre-or-resident-account.html" rel="nofollow">online repatriation from NRE account in India</a> for exact steps. <br /><br />Though, you need to first pay taxes after that only you can transfer funds from NRO account. javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-11218948579418455102017-06-12T05:22:35.889-07:002017-06-12T05:22:35.889-07:00Hello @Anonymous, yes, when your friend will trans...Hello @Anonymous, yes, when your friend will transfer money then it would be considered as gift, but gift from friends are taxable unlike relatives e.g. parents or spouse.javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-39895723406282076422017-06-11T19:43:52.228-07:002017-06-11T19:43:52.228-07:00When I came to US , I didnt open NRE/NRO account f...When I came to US , I didnt open NRE/NRO account for 1.5 Years, For my Friend marriage I transferred many for him from my Savings account, Now I opened NRE/NRO account , If he transfer to my NRO will that considered as a new income?Because the original source was earned in onsite. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-85104670165295704882017-05-26T07:46:57.951-07:002017-05-26T07:46:57.951-07:00My Father passed away have a flat Value $60.00 Lak...My Father passed away have a flat Value $60.00 Lakhs and we are 3 brothers 2in India, I am USA Citizen <br />Question : My share of RS20.00 Lakhs will be deposited in NRO account per my brother.<br />Question : What is procedure to Transfer funds to NRE account ? or Wire Transfer to USA New York account ?<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-90681604355545270962016-07-16T00:28:23.677-07:002016-07-16T00:28:23.677-07:00Yes this is very much possible.
You can mail me on...Yes this is very much possible.<br />You can mail me on omesh.dwivedi@kotak.com<br />Or call me at 9620513733Anonymoushttps://www.blogger.com/profile/07305980048789071595noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-57818536872393235482015-10-22T14:27:15.454-07:002015-10-22T14:27:15.454-07:00I have NRO account where my savings earned in Indi...I have NRO account where my savings earned in India are held. Now I have moved abroad and would like to transfer all the funds to foreign accounts (less than 1M dollar). Is it allowed since the source of this NRO funds was not NRE/FCNR or foreign exchange. It was actually earned in INR.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-64840026252767139622014-05-15T23:14:24.393-07:002014-05-15T23:14:24.393-07:00I recently started using Xoom and it has worked gr...I recently started using Xoom and it has worked great for me, super quick and easy. Also, thank you for sharing this offer, I tried it and it worked :)Anonymoushttps://www.blogger.com/profile/01304228591767929680noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-87554854445761134232014-04-04T20:52:39.051-07:002014-04-04T20:52:39.051-07:00To my friends sending money to HDFC a/c in India, ...To my friends sending money to HDFC a/c in India, don’t miss this news… Xoom now has INSTANT Deposits to HDFC Bank accounts in India. That’s great yaar, my mother usually has to wait for 4/5 days. I am thrilled with this news. Not only that.....Now Xoom is giving $50 Amazon.com Gift Card, when you send a transfer of $150 or more to India with Xoom. I would say register today and make the best of it. It’s probably a limited time offer.<br /> http://xoom.io/in-slick-50<br /> <br />I also found the press release but it does not mention the offer.<br /> <br />http://ir.xoom.com/releasedetail.cfm?ReleaseID=836399Anonymousnoreply@blogger.com