Transferring money from India to the USA?

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Transfering money from india to the US?

what are the legalities involved. I inherited a property that I will be selling. .I'd like to know if I could transfer the whole amount.. do I pay taxes on it.. what is the transfer limit per month..

Answer:

1. In India there is no tax on inheritances but you must pay capital gains tax on the profit from the...

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Other solutions

Transferring money from USA to India?

I need to transfer a large chunk of money to my parents in India. Does anyone know what would be best approach for doing that? I have heard about remit2india, SBI services etc... but am not sure how good they are.

Answer:

I found xoom pretty good. I transferred money yesterday that got practically deposited within 14 hours...

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Rahul J at Yahoo! Answers Mark as irrelevant Undo

How transfer money from India to USA?

My father-in-law wants to transfer about $50,000 to my wife. The amount comes from the sale of two properties in India, where my wife was co-owner of one of the properties. 1. What is best possible legal way to transfer this money to USA with least taxes...

Answer:

first of all is your wife a US citizen? if so the sale of the property she co owned will be taxable...

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Sooner at Yahoo! Answers Mark as irrelevant Undo

Am transferring money from India to my Wife's account who's a Dane. how much money Xfer is tax liable?

hi, I am married to a dane and she was in India with me for the last three months. So obviously she was not working and got separated from her parents when she married me. Now she is back in Denmark and as we are in the process of filing family reunification...

Answer:

According to the Danish Tax Authorities spouses are free to give each other gifts. There is no upper...

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Which is the quickest way to send money from India to USA?

I am from India. I want to send money to a person who lives in USA. Which is the best to send money to USA within 3 days? I tried WUMT but they dont offer sending money from India. I am also not sure about Bank transfer, I think that will take more than...

Answer:

You are right. WU is not allowed by the RBI to send money overseas. You are also right about banks....

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Soumya Mukherjee at Yahoo! Answers Mark as irrelevant Undo

Taxman - Transferring my money from the USA to the UK - the Rules?

I have a substantial amount of money that I would like to transfer from the USA to the UK. I just don't know any tax rulings on it. I know the USA is OK with it, but once my money arrives in the UK do I need to declare it and if so what tax if any do...

Answer:

Provided the money is not the proceeds of crime, and has been properly earned/tax paid, no problens...

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Truth Master at Yahoo! Answers Mark as irrelevant Undo

Taxman - Transferring my money from the USA to the UK - the Rules?

I have a substantial amount of money that I would like to transfer from the USA to the UK. I just don't know any tax rulings on it. I know the USA is OK with it, but once my money arrives in the UK do I need to declare it and if so what tax if any do...

Answer:

Not trying to be cute, I think you don't need to bother declaring "substantial" sums being...

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Truth Master at Yahoo! Answers Mark as irrelevant Undo

I pay 30% tax on interest earned on CD's in India. Do I have to pay tax again in USA, if I get the money back?

I had sent this money to India 2 years ago, and was earning high interest rate through bank fixed deposits. The bank has given me certificates that I have paid 30% income tax on the interest money. Now I need the money in USA. Will I have to pay tax...

Answer:

The interest must be reported on your USA income tax return but you will get a credit for foreign income...

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Taxes on Transfer of Money from USA to India?

Hi , I was in usa for 3 trips and had saved 6000 USD. I had filed tax returns in usa last. I was getting Interest less than 2 dollars per year the I had recently transferred the money to india. Pl do let me know if i need to pay tax on this income in...

Answer:

As you state you were in the US on 3 trips and had saved 6000 quids, I take it that you are a resident...

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RIKKYsha... at Yahoo! Answers Mark as irrelevant Undo

Transferring money from Mexico to USA?

What is an easiest way to transfer money from Mexico to USA? My friend that lives in Mexico wants me to order a SLR Camera from USA and send him over to Mexico? It is cheaper to buy it here than in Mexico. How can he send me the money for it? What is...

Answer:

PayPal is probably the easiest. You can also do an inter-bank transfer but PayPal is much easier if...

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