LuvNTR Posted October 3, 2020 Share Posted October 3, 2020 latest ga TCS tax (Tax collected at source) tho killed all NRI Economy along with Travel Business. 7 lacs daati overseas money transfer chesthe 5% tax anta. No NRI in sane mind will now send major amounts as an investment to put in Real Estate or Banks. ivalla 5% tax ni next two years lo 10% then 15% cheyochu. No one trusts and sends major funds to india. 😂 last year already middle east lo earn sese vallaki tax pettadu. ippudu total NRIs ki hole the bokka pettadu. I mean common. who would send 100K dollars to buy house or flat as an investments trusting this tax now? already Foreign INvestors are withdrawing record amounts from Indian mutual funds and bonds as GDP shrinking fast. ippudu ee extra tax lu. ee b0di Muunda ki evadu advise sesthunnado gaani sathya naash sesthunnadu economy ni....ilanti chetha policies thone Hawala market ni encourage sesthadu..... 😅 Link to comment Share on other sites More sharing options...
Jaitra Posted October 3, 2020 Share Posted October 3, 2020 Okay saari pampakunda, installments lo pampina below 7 lakhs,this 5 percent will apply? Link to comment Share on other sites More sharing options...
LuvNTR Posted October 3, 2020 Author Share Posted October 3, 2020 Just now, Jaitra said: Okay saari pampakunda, installments lo pampina below 7 lakhs,this 5 percent will apply? 7 lacs is aggregate amount limit per year per PAN number...enni instalments lo pampina total of all transfers amounts should not cross 7 lacs. if crosses then flat 5% tax...simple question ee b0di Muundas andh bakts vesukuovali. 😂 Link to comment Share on other sites More sharing options...
sskmaestro Posted October 3, 2020 Share Posted October 3, 2020 Bhakts will never dare to come into this thread! Link to comment Share on other sites More sharing options...
sskmaestro Posted October 3, 2020 Share Posted October 3, 2020 Overseas lo tax katti.... India lo polamooo sthalamooo house or gold konukkotaaaniki pampunche dabbu meeda koodaaaa ee “engili metukulu erukoney Brodi gaadu” aasapadutunnadu antey.... brodi gadiki economy elaaa revive cheyyalo chetakaaadu....... he knows only religious division and nabbing opponents! That’s the Gujarat model of development. brodi gadu ah cess ee cess etc esthu.... petrol prices penchesthu..... money generate chestunnadu..... just like Jagan who is doing it through liquor.... No wonder why Jagan and Modi nested together! Okay gooti pakshulu kabatti! Link to comment Share on other sites More sharing options...
LuvNTR Posted October 3, 2020 Author Share Posted October 3, 2020 b0di muundas other types of taxes from Oct 1st onwards: 1. flat TDS on all market place sellers regardless of e-commerce platforms sales volumes. (cost again transferred to end customers) 2. flat TDS on customers if single sale price crossees 50 lacs. (wlcome to hawala business) 3. e-invoice must be submitted from any company if sale revenue exceeded 500 Cr in last 3 years. too much burden idi maathram. why would any big investments like billion dollars worth comes if this much burden on company. 4. LPG connection is not free anymore. 5. certain health insurances are now not required to have 17 types of permanent illnesses as a must coverage. sathya naash all middle class. 6. 5% import tax all TV components....😆 Link to comment Share on other sites More sharing options...
LuvNTR Posted October 3, 2020 Author Share Posted October 3, 2020 6 minutes ago, sskmaestro said: Overseas lo tax katti.... India lo polamooo sthalamooo house or gold konukkotaaaniki pampunche dabbu meeda koodaaaa ee “engili metukulu erukoney Brodi gaadu” aasapadutunnadu antey.... brodi gadiki economy elaaa revive cheyyalo chetakaaadu....... he knows only religious division and nabbing opponents! That’s the Gujarat model of development. brodi gadu ah cess ee cess etc esthu.... petrol prices penchesthu..... money generate chestunnadu..... just like Jagan who is doing it through liquor.... No wonder why Jagan and Modi nested together! Okay gooti pakshulu kabatti! Plus Telangana Govt. also started strictly collecting VLT tax (vacant land tax) in GHMC and HMDA areas. So if you have a plot then pay VLT tax annually. 😂 Link to comment Share on other sites More sharing options...
Gunner Posted October 3, 2020 Share Posted October 3, 2020 19 minutes ago, sskmaestro said: Overseas lo tax katti.... India lo polamooo sthalamooo house or gold konukkotaaaniki pampunche dabbu meeda koodaaaa ee “engili metukulu erukoney Brodi gaadu” aasapadutunnadu antey.... brodi gadiki economy elaaa revive cheyyalo chetakaaadu....... he knows only religious division and nabbing opponents! That’s the Gujarat model of development. brodi gadu ah cess ee cess etc esthu.... petrol prices penchesthu..... money generate chestunnadu..... just like Jagan who is doing it through liquor.... No wonder why Jagan and Modi nested together! Okay gooti pakshulu kabatti! TCS is applicable to foreign/outward remittances... Not inward remittances... Link to comment Share on other sites More sharing options...
LuvNTR Posted October 3, 2020 Author Share Posted October 3, 2020 veedu ee photos pettinappudu pakoda gaadu ani artham sesukovalsindi mana indians...... kinda "Cold Steel" book pakkana pettukunnapude mana vallu artham sesukovalsindi Cold Steel Rod dinchutadu all holes lo ani....😂 Link to comment Share on other sites More sharing options...
Kondepati Posted October 3, 2020 Share Posted October 3, 2020 Is this true ? if we are sending to friends and family then how would they track it And who will have to pay tax ? Is it recipient? Link to comment Share on other sites More sharing options...
Gunner Posted October 3, 2020 Share Posted October 3, 2020 55 minutes ago, Kondepati said: Is this true ? if we are sending to friends and family then how would they track it And who will have to pay tax ? Is it recipient? False... TCS is applicable on outward remittances... That is, If money is sent overseas then TCS is deducted Link to comment Share on other sites More sharing options...
LuvNTR Posted October 3, 2020 Author Share Posted October 3, 2020 44 minutes ago, Kondepati said: Is this true ? if we are sending to friends and family then how would they track it And who will have to pay tax ? Is it recipient? TCS tax is only only outward remittances. Not on inward remittances...suppose you send from US to india, no tax. This TCS tax will have eventual impact if you now send huge amount to invest in Real estate or bonds or derivatives and finally want to repatriate those funds by selling.back to USA. Also tracking is easy for government since it used PAN number of every customer from every bank account. Also there are more charges if you are investing as NRI in to any equities as you required to have FPI linked trading account rather than regular trading accouunt. Derivatives invest sesthe all profits are subject to flat 40% TDS. Link to comment Share on other sites More sharing options...
Chandasasanudu Posted October 3, 2020 Share Posted October 3, 2020 deeni mummy india lo money thechi ikkada house kondam anukunte...inka bokka eena....edanna ammithey registration kaduthunnam kadara...adi already govt ki benefit eega....inka ee 7% enduku mee pinda koodu....india taxation mathram narakam amma....deeni mummy asala aa taxes endo...sivaraki migiledu emi ledu mana kashtam thappa....labour pani baagundi....alebba....mana taxlu govt nunchi dobbutharu...malla mana paniki....rojuki 1000 ivvakunda evadu vasthadu ....meekanna govt vaadi panulu better anattu thayaru ayyaru Link to comment Share on other sites More sharing options...
AndhraBullodu Posted October 3, 2020 Share Posted October 3, 2020 13 minutes ago, Chandasasanudu said: deeni mummy india lo money thechi ikkada house kondam anukunte...inka bokka eena....edanna ammithey registration kaduthunnam kadara...adi already govt ki benefit eega....inka ee 7% enduku mee pinda koodu....india taxation mathram narakam amma....deeni mummy asala aa taxes endo...sivaraki migiledu emi ledu mana kashtam thappa....labour pani baagundi....alebba....mana taxlu govt nunchi dobbutharu...malla mana paniki....rojuki 1000 ivvakunda evadu vasthadu ....meekanna govt vaadi panulu better anattu thayaru ayyaru exactly, baaga dhoola ekki India lo konnatlu undhi..... edho baga growth untundhi ani invest chesthae. dheenenkamma atu investment ki growth leka poga, ippudu eppudanna avasaram ayite venakki techukundham ante, malli dhaani meedha tax anta. ee lekkana India loki investment ki vache money kooda raavu NRIs nundi. endukante vaallu malli venakki techukunetappudu Tax kattali kaabatti. dheenenkamma, evaranna salary tho sampadiste aaa money meedha laready tax padidhi, ippudu aa money pillala chadhuvukosam US pampithae dhaani meedha malli tax aaa ? assala ee double taxation endho, income tax okati chachindhiga, malli US money pampithae tax endhi ? ittagae unte, peelchae gali meedha kooda tax vesthaaaru, adhokkate migili undhi. Baabu garu laaga dabbulu vache maargaalu emi choodaru , telisi saavadhu ,telissindhi alla tax lu veyyatam okkate. Antha medhavi ayina babu garinemo mundas intlo koorchopettaru... kali kaalam inthae.... Link to comment Share on other sites More sharing options...
Gunner Posted October 3, 2020 Share Posted October 3, 2020 3 hours ago, Chandasasanudu said: deeni mummy india lo money thechi ikkada house kondam anukunte...inka bokka eena....edanna ammithey registration kaduthunnam kadara...adi already govt ki benefit eega....inka ee 7% enduku mee pinda koodu....india taxation mathram narakam amma....deeni mummy asala aa taxes endo...sivaraki migiledu emi ledu mana kashtam thappa....labour pani baagundi....alebba....mana taxlu govt nunchi dobbutharu...malla mana paniki....rojuki 1000 ivvakunda evadu vasthadu ....meekanna govt vaadi panulu better anattu thayaru ayyaru Ee Tax Collected at Source on outward remittance... not that straight forward uncle... 1. NRI's are not covered under this scheme... NRI's can remit upto $1MM per FY from India to overseas (no tax.... remittances over $1MM requires special permission) 2. Resident Indians ki... Tax collected is "credited" against PAN..... and can file IT return for refund.... Ee scheme main target.... India lo vunde hawala batch.... tax kattakunda, foreign ki remittances pamputha akkada markets lo invest chesevallu.... India lo unregistered business lu chesthu... baga sampadisthu kuda asala tax ae kattakunda or takkuva tax returns file chesthu..... foreign tour lu tho luxury life enjoy chese vallu etc.... ikkada tax lu emi kattakunda, pillalni OS lo studies ki pampevallu (Study Loan teesukunte 5% TCS not applicable) etc.... Aa 2nd point valla.... refund kavali anukunna vallu,,, IT returns chachinatlu file cheyali... as usual ga mana sodarulu misinterpret chesukuni BJP ni vesukuntunnaru Link to comment Share on other sites More sharing options...
Rajakeeyam Posted October 3, 2020 Share Posted October 3, 2020 5 hours ago, Gunner said: False... TCS is applicable on outward remittances... That is, If money is sent overseas then TCS is deducted Balloon 🎈 pop chesav ga 😂 coverdrives chudu 😁 Link to comment Share on other sites More sharing options...
Mahen_Nfan Posted October 3, 2020 Share Posted October 3, 2020 6 hours ago, Gunner said: TCS is applicable to foreign/outward remittances... Not inward remittances... Yes this is true Link to comment Share on other sites More sharing options...
LuvNTR Posted October 4, 2020 Author Share Posted October 4, 2020 Arei mee chidathalu ekkadaina vayinchukondi...mee fake propaganda inka ennii years chestharu. Most NRIs realized B0Di pakoda mentality.... no US based NRI keeps his money in NRE/NRO account. if he do he will have to declare FATCA and FBAR forms every year and pay 25% min taxes here in US. on those deposits... Theya always keep investing on either father or mother or family persons in RE and other types of investments like equities, mutual funds, CD etc. if NRI needs funds back in US for any other reason he will instantly sell those properties on family persons and gets funds back in US. Not only this NRI gets funds from crypto trade, forex trade, services to middle east companies as a market place seller etc. and routes those funds to indias family persons. those gets back to indian market. it is a win-win for indian economy by creating jobs and also for NRI. It is like parallel economy that not only helps service sector and RE jobs but also instant liquidity to indian companies...now B0di wants to track funds going out from resident accounts means it will be full stop for NRIs. already two years back he started 15% tax long term capital gains tax and now this 5% tax. on top of it double charges on FPI linked NRI trading accounts than residents. it is like closing all doors for funds. just Aug month lone 5 billion dollars FPIs are withdrawn from india. First time in history, even residents are withdrawing funds from mutual funds investments. Assets manage chese analyst companies ki kuda restrictions like you can't put 100% funds in large cap industry and so on some needs to be in small cap also. who the xxxx is B0Di to tell AUM managers to decide which type of industry they need to invest? pakodanomics does't work and it is evident.....😂 Link to comment Share on other sites More sharing options...
LuvNTR Posted October 4, 2020 Author Share Posted October 4, 2020 3 hours ago, AndhraBullodu said: exactly, baaga dhoola ekki India lo konnatlu undhi..... edho baga growth untundhi ani invest chesthae. dheenenkamma atu investment ki growth leka poga, ippudu eppudanna avasaram ayite venakki techukundham ante, malli dhaani meedha tax anta. ee lekkana India loki investment ki vache money kooda raavu NRIs nundi. endukante vaallu malli venakki techukunetappudu Tax kattali kaabatti. dheenenkamma, evaranna salary tho sampadiste aaa money meedha laready tax padidhi, ippudu aa money pillala chadhuvukosam US pampithae dhaani meedha malli tax aaa ? assala ee double taxation endho, income tax okati chachindhiga, malli US money pampithae tax endhi ? ittagae unte, peelchae gali meedha kooda tax vesthaaaru, adhokkate migili undhi. Baabu garu laaga dabbulu vache maargaalu emi choodaru , telisi saavadhu ,telissindhi alla tax lu veyyatam okkate. Antha medhavi ayina babu garinemo mundas intlo koorchopettaru... kali kaalam inthae.... ippudu almost 22% cost only Registration ke velthondi. on top of it, RERA ani GST ani too too much cost perigipoyindi.....every year property tax or VLT tax katti maintain seyali......inth a kashtapadi lands flats houses koni 5 years tharuvatha ammeddam for profit ani soosthe aa Registration tax lu anni malli perigipoyi untayi....peanuts kuda return raavatledu pettina investments ki.... sample ki oka incident. maa town ki 20 kms distance lo maa friend 6 acres konnadu and started speciality flowers nursery to sell in banglore chennai market. 4 years ki every month thanu inject seyadame kaani anukunnantha profit raaledu...poni ippudu lands ammudam ani soothe konna rate aduguthunnaru. idi corona ki mundu. ippudu lakkoleka peekkaleka unnadu with net loss of 15 lacs tho.. atu returns levu itu tax lu...baboi ee pakodanomics tho large lump sum investments kashtam. Link to comment Share on other sites More sharing options...
KING007 Posted October 4, 2020 Share Posted October 4, 2020 US nunchi India ki money pampisthe no tax, India nunchi pampisthe tax kattali? US lo chaduvukune vallaki money pampisthe koda tax kattala 🤔 Link to comment Share on other sites More sharing options...
ravindras Posted October 4, 2020 Share Posted October 4, 2020 One workaround for student tax problem. Suppose you are sending your child or sibling to other country. Try to find relatives, friends working in that country . Ask them to pay tution fee for your sibling or child. You can pay cash to relatives of person who paid tution fee to your child. It is legal to sponsor tution fee in foreign universities. Other expenditures like accomodation, food can be arranged through cash in both countries instead of bank transactions. Link to comment Share on other sites More sharing options...
NTRYoungTiger Posted October 4, 2020 Share Posted October 4, 2020 Inka emergency lo tappa .. ekkadivallu akkade invest chestaremo Link to comment Share on other sites More sharing options...
abhi Posted October 4, 2020 Share Posted October 4, 2020 9 hours ago, Gunner said: TCS is applicable to foreign/outward remittances... Not inward remittances... What is the meaning bro? Link to comment Share on other sites More sharing options...
Raaz@NBK Posted October 4, 2020 Share Posted October 4, 2020 4 minutes ago, abhi said: What is the meaning bro? India to USA or Abroad money transfer chesthe 5% Tax kattali.. not USA/Abroad to India.. Link to comment Share on other sites More sharing options...
Raaz@NBK Posted October 4, 2020 Share Posted October 4, 2020 A remittance is a transfer of money, often by a foreign worker to an individual in their home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Link to comment Share on other sites More sharing options...
abhi Posted October 4, 2020 Share Posted October 4, 2020 28 minutes ago, Raaz@NBK said: India to USA or Abroad money transfer chesthe 5% Tax kattali.. not USA/Abroad to India.. Thxs bro got it Link to comment Share on other sites More sharing options...
Sunny@CBN Posted October 4, 2020 Share Posted October 4, 2020 @LuvNTR Ey mataki aa mata chepukovali. Fund managers ki restriction pedutundi modi kadu SEBI. Multicap funds ekuva large cap lo invest chestunaru. So SEBI 25% small cap lo kuda petali ani chepindi. It is fair only. Ayina ee govt taxes penchatam tappa tagginchedi ledu. Income tax lo chustunam ga. 30% slab na chinapudu 8 lakhs to 10 lakhs ayindi. Manodu vachaka danni touch kuda cheyatle. Poni indirect taxes emanna tagginchara? 1 liter petrol 86 anta. Taxes lekapote 43 kuda undadu. Link to comment Share on other sites More sharing options...
ravindras Posted October 4, 2020 Share Posted October 4, 2020 2 minutes ago, Sunny@CBN said: @LuvNTR Ey mataki aa mata chepukovali. Fund managers ki restriction pedutundi modi kadu SEBI. Multicap funds ekuva large cap lo invest chestunaru. So SEBI 25% small cap lo kuda petali ani chepindi. It is fair only. Ayina ee govt taxes penchatam tappa tagginchedi ledu. Income tax lo chustunam ga. 30% slab na chinapudu 8 lakhs to 10 lakhs ayindi. Manodu vachaka danni touch kuda cheyatle. Poni indirect taxes emanna tagginchara? 1 liter petrol 86 anta. Taxes lekapote 43 kuda undadu. Petrol, diesel price 28 rupees without taxes Link to comment Share on other sites More sharing options...
Sunny@CBN Posted October 4, 2020 Share Posted October 4, 2020 Yes bro. Just now google chesa 28 Rs undalsina petrol (without taxes) enta darunam ga mana money tax chestunaro .https://www.mycarhelpline.com/index.php?option=com_latestnews&view=detail&n_id=417&Itemid=10 UPA time lo petrol diesel subsidies undevi. Ipudu crude oil rate taggindi. Janalaki transfer cheyakunda taxes penchi same rate maintain chestunaru. So what is happening to the tax amount collected? Corporate tax tagincharu. Income taxes tagginchataniki edupu. Link to comment Share on other sites More sharing options...
sudhakar21 Posted October 4, 2020 Share Posted October 4, 2020 It is goog to stop NRI funds to india Bcoz of these NRI investments land prices are increasing in hyderabad Every one earning in foreign are investing in hyderabad and other metropolitan cities Link to comment Share on other sites More sharing options...
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