Yes. To send money overseas with PayPal, you'll pay an exchange rate margin fee every time you convert from one currency to another. These fees typically range between 2.5% and 4.5%, quickly making PayPal one of the most expensive ways of all to send money internationally.
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My son is in the USA and is NRI. He wants to know, if he invests in the Indian stock market directly to equity, now and let's assume that he earned 40*/* return on sale within 1 year /2 year. In that case, what will be the tax impact in India? And how he can transfer that money to the USA? What will be tax impact in the USA, while he transferred these money to USA. Currently, at USA, he is in highest bracket of tax.
If you are looking to make a large money transfer, then Western Union allows you to transfer up to $50,000 from the US when sending from your bank account directly to the receiver's bank account. But keep in mind that this limit may not be available for all receiver countries and is subject to restrictions based on the factors mentioned above.

If you wish to send money to your mother's resident saving account and open a fixed deposit of 50,000 INR, then the interest earned on this deposit will be taxable. The bank will be deducting TDS at the rate of 20% if there is no PAN number available. But if you open a fixed deposit from funds available in the NRE savings account, you won't have to pay taxes on the interest earned on this deposit.

I understand that such gifts are exempt under both countries Tax Laws since it is a Gift to a relative - Sibling / Brother

i donr need any permission under FEMA since the vaue of property is below $ 1 m ( even as per municipal valuation )

If you're selling a primary overseas residential property, you'll pay the same taxes and get the same benefits as if you were selling your main home in the US. This means you'll pay tax on any excess of sales over $500,000 for joint tax returns and $250,000 for any other filing status. The rate you'll be taxed at is the lower long-term capital gains rate.
1. Date and Place where the deed is to be executed.
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According to the Reserve Bank of India (RBI) guidelines, an Indian resident can gift up to USD 250,000 per financial year to an NRI spouse who is an Indian citizen or of Indian origin. This gift can be made in any form, including by way of a bank transfer to your wife's account in India.
What this means is that PayPal takes the wholesale or mid-market exchange rates on the day of conversion or the previous business day, and adds this markup to calculate the rate used for your transaction. This makes it difficult for the user to see the full costs of the transfer, whether these are charged to their own bank account or to that of the beneficiary.
Yes. If you have a PayPal account that was opened in the US, you'll still be able to use the platform in India just as you would in the US. However, you won't be able to make transfers to or from Indian PayPal accounts, as PayPal has halted this service. view it

One of the more secure methods for sending money to India, an ACH transfer is a bank-to-bank transfer that goes through the Automated Clearing House, an electronic funds transfer system run by NACHA. You've probably sent or received an ACH transfer yourself, if you've ever been paid via direct deposit or used your bank's bill pay option.

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Over the course of a lifetime, every person can gift up to $11.7 million without incurring any taxes. This figure includes gifts of inheritance money you plan on leaving in the future, even if the money is stored overseas and transferred back to the US. There are two options available when filing gift returns - you can either choose to pay the gift tax, or bypass the payment and add the gift to your lifetime exemption limit.
A non relative foreigner from UK sends gift of some movable articles and some amount of pounds in cash through a courier to an Indian friend. When the package arrives the Indian Airport the customs department find the currency in the package and demands to pay duty for the articles and for the currency.
The cost to send money within the US via Western Union depends on the amount you are sending, your payment method and how your recipient would like to receive their cash. To send $100 from your bank account to their bank account still carries a significant fee of $14.00.
Hi, I am an NRI residing in UAE for more than 10Years. I want to send INR 20 Lacs from my ICICI NRE Saving A/c to my wife saving a/c who is a resident Indian. She will use this money to buy agricultural land in India. What will be Tax Implications for both of us?

the partner bank, in accordance with RBI regulations. Jupiter itself is not a bank and doesn't hold or claim

information service that aims to provide you with information to help you make better decisions. usd to inr forecast 10 years 7 usd to inr

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