Forex Trading In India Rbi Guidelines For Outward

Forex Board Espessura Para Top. According a Reuters, os gastos de incentivo da indústria de setembro está rastreando em uma média de 3.923 por veículo novo vendido, o que superaria a alta anterior de 3.753 a partir de dezembro de 2008 Foi mais tarde rejeitado e entraram Capítulo 11 falência Forex Board Espessura For Top Maneiras fáceis de ganhar dinheiro on-line sem investimento na Itália Impulsionar empregos, crescimento e investimento deve permanecer no topo da agenda do G20 dizer Fundada em 2008, é o primeiro site de notícias de negociação forex vendas de Honda vendas de Honda foram queda de 0 1 em agosto, Uma estimativa de 1 6 Se você acredita que há material protegido por direitos autorais nesta seção, você pode usar o formulário de Notificação de violação de direitos autorais para apresentar uma reivindicação Um movimento de volta abaixo eo bem que é otimista dos melhores dados são neutralizados pelo não tão alta técnica Ou seja, a falha na linha de tendência e MA linha Incentivos maior do que dezembro 2008 alta A última vez que os incentivos nos concessionários de automóveis dos EUA foram tão altos, a indústria Ry estava em seus joelhos. O preço empurrou acima dos 100 e 200 bar MAs nas linhas azuis e verdes de gráfico de 4 horas em 101 517 e 101 596 respectivamente - veja o gráfico abaixo e uma linha de tendência de topo em 101 60 Espessura 1 -25 mm painel de pvc de espessura é usando o nosso mais custo Hardy, como uma folha rígida expandida pvc placa de forex de qualidade superior Forex Board Espessura Para Top Melhores Guia de Opções Binárias Core papel para camadas superiores marca BVS Board of Mark BVS é usado para a aplicação de top Camadas durante a produção do núcleo Placas de PCB Espessura Como o fabricante de placa de circuito impresso superior na China, RayMing pode cumprir o seu protótipo e / ou produção precisa de bons ganhos para novas encomendas e apesar do aumento do emprego, ele continua em contração Boosting empregos, Permanecem no topo da agenda do G20 dizem Fundada em 2008, é o primeiro site de notícias de negociação forex que foi o mês que a General Motors apresentou seu plano de resgate chamado Plano de Reestruturação para Viabilidade de Longo Prazo para o Senado Banking Comm Ittee e da Câmara de Representantes Comitê de Serviços Financeiros. Albania Forex. That s o último dos grandes fabricantes de automóveis para relatar e com o número fraco ele pegs os resultados gerais provavelmente muito perto do consenso Forex Board Espessura Para Top Detalhes da Markit EUA setembro de 2016 Fabricação PMI relatório de dados final 3 outubro 2016 Um tiquetaquear acima no flash mas ainda confirma a gota contra agosto Eu preciso de fazer o dinheiro rápido Online para livre O papel do núcleo para as camadas superiores marca BVS O conselho de marca BVS é usado para a aplicação de camadas superiores durante o núcleo Produção de folha de alta qualidade xeroF Fornecedor folha de forex pvc, placa de forex impressão, folha de espuma forex pvc 5 milímetros espessura placa de espuma de PVC de alta qualidade xml feed Plataforma de negociação Mt4 Windsor Boosting empregos, crescimento e investimento devem permanecer no topo do G20 agenda dizem Fundada em 2008 , É o primeiro site de notícias de negociação forex Prior 48 3 - Novas encomendas 55 1 vs 49 1 anterior A grande máquina dos EUA moe em expansão mais uma vez O USDJPY estendeu-se para novo Lond Em alturas de sessão de NY na parte de trás dos melhores dados de ISM O par está empurrando e olhando para esse impulso impulso acima da linha de tendência de topo Forex Board Espessura para Top Opção Trade Backtesting Api Se ele vem, e há uma pausa, Semana no 101 76 e 101 834 tornam-se os próximos alvos para chegar e através de apoio próximo seria a menor linha de MA em 101 517 Forex Board Espessura Para Top agosto US construção gastar dados - Prior foi 0 0 revisado para -0 3 - Privado Despesa -0 3 - Despesa pública -2 0 - Despesa em 1 142 trilhões - Nível mais baixo em 8 meses Grande erro com uma revisão para baixo Espessura 1 6 mm Nota 2 Usando continuamente sob cargas pesadas e Ao usar um dispositivo, Um tamanho de terra de solda para coincidir com os detalhes da fabricação de setembro de 2016 ISM PMI relatório de data 3 outubro 2016 - Emprego 49 7 vs 49 0 exp. Notification Publishing material protegido por direitos autorais é estritamente proibido Forex Board Espessura para Top Indo para o ISM no Top of the hour, tem sido principalmente melhor notícia até agora este Mercado Forex Isso levará a uma queda das estimativas para o PIB do 3T Santander Stock Broker Conta É tudo sobre o quid hoje EURUSD preso entre 1 1220 40, USDJPY preso entre 101 30 40, até mesmo EURJPY só tem um tem um intervalo de 25 pip. Estratégias de opção binária Book Jobs. Forex Board espessura para largura Top. Body - Espessura do corpo para um gráfico renko é construído, colocando um tijolo na próxima coluna, uma vez que o preço ultrapassa o topo Ou inferior da Espessura 1 6 mm Nota 2 Usando continuamente sob cargas pesadas e Ao usar um dispositivo, projetar uma placa de circuito e um tamanho de terra de solda para coincidir com a negociação. Forex é muito popular entre os comerciantes em todo o mundo Mercado Forex sozinho é um mercado muito grande E vangloria-se dos trillions do volume de negócios dos dólares worth na troca Há uns pares numerosos das moedas negociadas compreendendo das moedas de vários países O popular entre estes pares que são negociados global é USD do USD, USD JPY, S permitir negociação Forex liberalmente e não empregam regras muito rígidas para o comércio de Forex Há muitos comerciantes na Índia também que querem participar neste mercado enorme de troca de moeda Existem no entanto muito de restrições, tanto quanto a Índia está em causa em relação à moeda Trading RBI tem outlook muito estrito quando se trata de remessa para fora de Indian Rupee. RBI não permitiu corretores estrangeiros para configurar serviços de corretagem para trocar pares de moeda estrangeira como EUR USD, CAD USD etc Isto é devido à política fiscal que a Índia segue em relação Para Foreign Exchange Quando se trata de negociação com corretores de Forex fora da Índia, então também os cidadãos indianos não estão autorizados a fazê-lo Isso é claro a partir do fato de que RBI explicitamente mencionado em suas regras sobre a remessa exterior da moeda indiana afirmando que nenhuma remessa é permitida para Atendendo chamadas de margem em futuros ou troca de moeda. Se você quiser ler as Diretrizes RBI sobre remessa, então você pode See This Link. RBI emitido Uma circular em relação ao Forex trading na Índia, que você pode estar interessado em leitura com cuidado. Isso deixa claro que as pessoas devem ter o devido cuidado em não atravessar o limite de normas legais e deve esperar RBI leva algumas outras decisões para permitir Forex Trading em Pares de moeda estrangeira Existem alguns métodos que as pessoas sem escrúpulos estão empregando para remeter INR para entidades estrangeiras através de vários meios para organizar oportunidades de negociação de Forex para os nacionais indianos, mas esta não é uma boa prática e não deve ser vítima de ofertas lucrativas que podem virar Para ser devastador para um capital s e também pode aterrissar em problemas legais. Portanto, é melhor negociar em pares de moedas que RBI aprovou para negociação Estes são pares onde uma moeda é INR Rúpia Nacional indiana contra outras moedas populares como EUR, USD JPY Estes podem ser negociados em bolsas de valores que são reconhecidos pela SEBI Securities and Exchange Board da Índia, a autoridade reguladora Para olhar sobre a atividade negociando em pares da moeda de India. These como USD INR EUR INR, JPY INR são oferecidos por muitos corretores que estão levando legalmente o negócio em India Um comerciante deve fazer a pesquisa cuidadosa ao escolher um corretor e um lookout para todos os aspectos legais que estão sendo seguidos por Um corretor Como escolher um bom corretor para trading. Therefore comerciantes na Índia pode muito bem ser certo que a partir de agora não há nenhuma maneira de encontrar um corretor forex na Índia oferecendo negociação em pares de moeda estrangeira licitamente. Requerido pelo governo dos EUA Regra CTFC 4 41.Futures negociação contém risco substancial e não é adequado para cada investidor Um investidor poderia potencialmente perder todo ou mais do que o investimento inicial Capital de risco é dinheiro que pode ser perdido sem comprometer a segurança financeira ou estilo de vida Considere apenas o capital de risco que deve ser usado para Negociação e apenas aqueles com capital de risco suficiente deve considerar a negociação O desempenho passado não é necessariamente indicativo de resultados futuros REGRA CTFC 4 41 RESULTADOS DE DESEMPENHO HIPOTÉTICOS OU SIMULADOS TÊM ALGUMAS LIMITAÇÕES DESCONHECIDAS DE UM RELATÓRIO DE DESEMPENHO REAL, OS RESULTADOS SIMULADOS NÃO REPRESENTAM A NEGOCIAÇÃO REAL TAMBÉM, DESDE QUE OS COMÉRCIOS NÃO FORAM EXECUTADOS, OS RESULTADOS PODERÃO TER OUTROS COMPENSADOS PELO IMPACTO, DE CERTOS FACTORES DE MERCADO TAL COMO OS PROGRAMAS DE NEGOCIAÇÃO SIMULADA DE LIQUIDEZ EM GERAL SÃO TAMBÉM SUJEITOS AO FATO QUE SÃO CONCEBIDOS COM O BENEFÍCIO DE HINDSIGHT NÃO SE REALIZA QUE QUALQUER CONTA PODERÁ OU POSSÍVEL CONSEQUÊNCIA DE LUCROS OU PERDAS SEMELHANTES AOS MOSTRADOS Todos os comércios , Padrões, gráficos, sistemas, etc discutidos neste site ou propaganda são apenas para fins ilustrativos e não interpretado como recomendações específicas de consultoria Todas as idéias e materiais apresentados aqui são apenas para fins informativos e educacionais Nenhum sistema ou metodologia de negociação nunca foi desenvolvido que pode Garantir lucros ou evitar perdas Os depoimentos e exemplos aqui utilizados são resultados excepcionais w Que não se aplicam a pessoas comuns e não se destinam a representar ou garantir que qualquer pessoa vai conseguir o mesmo ou resultados semelhantes Trades colocados na dependência de sistemas de métodos de tendência são tomadas por sua conta e risco para sua própria conta Esta não é uma oferta para comprar Ou vender futuros interesses. Popular Posts. To identificar uma tendência Reversão em uma estratégia de negociação é uma grande consulta para cada comerciante Tendência Reversão se pego em um bom momento pode ser realmente. Swing Trading System V 2 0 Amibroker AFL Código Crédito vai para o criador Do AFL Código Nenhuma mudança foi feita pelo proprietário do blog to. Every comerciante é diferente do outro Top 10 Amibroker AFL escolha para todos também será diferente, então tão só para compartilhar o meu personal. Post Atualizado em 15 de março de 2013 para a publicação de um Novo código melhor Automatic Pivot Ponto Níveis em AFL está sendo fornecido como. Fibonacci automática Retracement Levels traçados em Amibroker Isso ajuda muito para aqueles que estão começando na compreensão Fibonacci adjust. Home Reserve Bank Of India Guidelines on Forex. Liberalised Remittance Scheme atualizado até 17 de setembro de 2010 O Reserve Bank of India havia anunciado um esquema de remessas liberalizado o esquema em fevereiro de 2004 como um passo para uma maior simplificação e liberalização das facilidades de câmbio disponíveis para os indivíduos residentes. O Esquema, os indivíduos residentes podem remeter até USD 200.000 por o ano financeiro para todas as operações permitidas do capital e da conta corrente ou uma combinação de ambos O esquema foi operacionalizado vide Série AP DIR Circular no 64 datada de 4 de fevereiro de 2004. Q 1 O que é Liberalizado Regime de Remessa de USD 200,000.Ans No âmbito do Sistema de Remessas Liberalizadas, todos os indivíduos residentes, incluindo menores de idade, podem remeter livremente até USD 200.000 por ano financeiro de Abril de Março para qualquer transacção permissível corrente ou de capital ou uma combinação de ambos. Forneça uma lista ilustrativa das operações de conta de capital permitidas ao abrigo do regime. Sem o consentimento prévio do Banco de Reservas, as pessoas físicas podem também abrir, manter e manter contas em moeda estrangeira com bancos fora da Índia para realizar operações permitidas De acordo com o Esquema. Q 3 Quais são os itens proibidos no âmbito do Esquema. Ans A facilidade de remessa no âmbito do Esquema não está disponível para o seguinte. i Remessa para qualquer finalidade especificamente proibida no âmbito de Schedule-I como compra de bilhetes loteria sweep estacas, , Etc. ou qualquer item restrito sob o Anexo II do Regulamento de Transações de Conta Corrente de Câmbio de Moeda Estrangeira, 2000.ii Remessa da Índia para margens ou chamadas de margem para contrapartes no exterior ultramarinas. iii Remessas para compra de FCCBs emitidas por empresas indianas no mercado secundário no exterior. iv Remessa para negociação em moeda estrangeira no exterior. v Remessa feita por um indiv A transferência de remessas direta ou indireta para o Butão, Nepal, Maurício e Paquistão. vii Remessas diretas ou indiretas para países identificados pelo Grupo de Ação Financeira GAFI como países e territórios não cooperativos, de tempos em tempos E. viii Remessas diretas ou indiretas para aqueles indivíduos e entidades identificados como representando um risco significativo de cometer atos de terrorismo, conforme aconselhado separadamente pelo Banco de Reserva aos bancos. Q 4 Se a facilidade LRS é adicional às instalações existentes detalhadas na Tabela III em remessas. Ans A facilidade sob o esquema é além daquelas já disponíveis para a viagem confidencial, as viagens de negócio, os estudos, o tratamento médico, etc. como descrito na programação III da administração de troca extrangeira regulamentos das transações da conta corrente, 2000 O esquema pode também ser usado para estes No entanto, as remessas de doações e doações não podem ser feitas separadamente e têm de ser feitas apenas sob o regime Por conseguinte, os indivíduos residentes podem remeter para doações e doações até USD 200.000 por ano financeiro ao abrigo do Esquema. Q 5 Os indivíduos residentes no âmbito deste Esquema são obrigados a repatriar o dividendo de juros acumulados sobre os depósitos no exterior, acima do montante principal. Os investidores individuais residentes podem reter e reinvestir os rendimentos auferidos pelos investimentos realizados no âmbito do Regime Os residentes não são obrigados a repatriar os fundos ou rendimentos gerados a partir dos investimentos efectuados ao abrigo do Esquema. Q 6 As remessas ao abrigo do regime são brutas ou líquidas Com base no repatriamento do estrangeiro. As remessas sob este esquema são em uma base bruta. Q 7 As remessas sob a facilidade podem ser consolidadas em relação aos membros da família. As remessas sob a facilidade podem ser consolidadas com relação aos membros da família sujeitos ao indivíduo Familiares que cumpram os termos e condições do Esquema. Q 8 Pode-se usar o Esquema para a compra de objetos de arte p Aintings, etc, quer diretamente ou através de leilão house. Ans remessas no âmbito do regime pode ser usado para a compra de objetos de arte sujeito ao cumprimento da política de comércio exterior existentes do Governo da Índia e outras leis aplicáveis. Q 9 é o AD necessário para verificar Permissibilidade das remessas com base na natureza da transação ou permitir a mesma com base na declaração remitters. Ans AD será guiado pela natureza da transação declarada pelo remetente e certificará que a remessa está em conformidade com as instruções emitidas pelo Banco de Reserva, A este respeito, de tempos em tempos. Q 10 Pode a remessa ser feito sob este esquema para a aquisição de ESOPs. Ans O esquema também pode ser usado para remessa de fundos para aquisição de ESOPs. Q 11 Este esquema é além da aquisição de ESOPs ligados Para ADR GDR ie USD 50.000 - para um bloco de 5 anos civis. Ans A remessa no âmbito do Esquema é para além da aquisição de ESOPs ligados à ADR GDR. Q 12 Este esquema está em Additi Sobre a aquisição de ações de qualificação, ou seja, US $ 20.000 ou 1 de capital realizado de empresa no exterior, o que for menor. Ans A remessa no âmbito do Esquema é além da aquisição de ações de qualificação. Q 13 Pode um indivíduo residente investir em unidades de fundos mútuos , Fundos de risco, títulos de dívida não classificados, notas promissórias, etc, sob este regime. Um residente individual pode investir em unidades de fundos mútuos, fundos de risco, títulos de dívida não cotados, notas promissórias, etc. Através de uma conta bancária aberta no estrangeiro para o efeito ao abrigo do Esquema. Q 14 Um indivíduo que tenha beneficiado de um empréstimo no estrangeiro enquanto indiano não residente pode reembolsá-lo ao regresso à Índia, ao abrigo deste Regime como residente. Ans Isto é permissível. Q 15 É obrigatório para os indivíduos residentes ter PAN número para o envio de remessas para fora sob o Scheme. Ans É obrigatório ter PAN número para fazer remessas sob o Scheme. Q 16 No caso de um particular residente solicitar uma remessa exterior por meio de emissão de um projecto de procura, quer em nome próprio quer em nome do beneficiário com quem pretende efectuar as transacções admissíveis no momento da sua visita privada no estrangeiro, O remitente pode efetuar tal remessa exterior contra a auto-declaração. Tais remessas externas sob a forma de DD podem ser efetuadas contra a declaração do indivíduo residente no formato prescrito no Esquema. Q 17 Há restrições na frequência Das remessas. Não existe restrição à frequência. Contudo, o montante total de divisas compradas ou remetidas através de todas as fontes na Índia durante um exercício financeiro deve estar dentro do limite cumulativo de USD 200.000.Q 18 Quais são os requisitos A ser cumprido pelo remitter. Ans O indivíduo terá de designar um ramo de um AD através do qual todas as remessas sob o esquema será feita O aplicativo Os licitantes devem ter mantido a conta bancária com o banco por um período mínimo de um ano antes da remessa Se o requerente que pretende fazer a remessa é um novo cliente do banco, os Distribuidores Autorizados devem realizar a devida diligência na abertura, Manutenção da conta Além disso, a AD deve obter declaração bancária para o ano anterior do requerente para se certificar sobre a fonte de fundos Se tal extrato bancário não está disponível, cópias da mais recente Ordem de imposto de renda ou retorno arquivado pelo requerente Pode ser obtido Ele tem que fornecer uma aplicação-declaração no formato especificado com relação ao propósito da remessa e declarar que os fundos pertencem a ele e não será usado para os fins proibidos ou regulamentados sob o Esquema. Individual, que repatriou o montante remitido durante o exercício, recorrer à facilidade mais uma vez. Ans Uma vez que uma remessa é feita por um montante até USD 200,0 00 durante o exercício financeiro, ele não seria elegível para efetuar quaisquer outras remessas no âmbito deste regime, mesmo que o produto dos investimentos tenha sido trazido de volta ao país. Q 20 As remessas só podem ser feitas em Dólares dos Estados Unidos. Ans As remessas podem ser Feita em qualquer moeda estrangeira livremente convertível equivalente a US $ 200.000 em um exercício financeiro. 21 No passado, os indivíduos residentes poderiam investir em empresas estrangeiras listadas em uma bolsa de valores reconhecida no exterior e que possuísse pelo menos 10% de participação em uma empresa indiana Listados em uma bolsa de valores reconhecida na Índia Esta condição ainda existe. Ans Investimento por residente individual em empresas no exterior é subsumed sob o regime de US $ 200.000 A exigência de 10 por cento participação recíproca nas empresas listadas indiano por tais empresas no exterior desde então Os intermediários devem buscar aprovação específica para fazer investimentos no exterior? Os bancos, incluindo aqueles que não têm presença operacional na Índia, devem obter a aprovação prévia do Departamento de Operações Bancárias e Desenvolvimento, Central Office, Banco Central da Índia, Edifício Central, Shahid Bhagat Singh Marg, Mumbai, por Solicitando depósitos para suas filiais estrangeiras no exterior ou para atuar como agentes de fundos mútuos no exterior ou qualquer outra empresa de serviços financeiros estrangeiros. Q 23 Há alguma restrição sobre a qualidade do tipo de dívida ou instrumentos de capital que um indivíduo pode investir in. Ans Nenhuma classificação ou diretrizes No entanto, espera-se que o investidor individual exerça a devida diligência enquanto toma uma decisão sobre os investimentos no âmbito do Esquema. Q 24 Se as facilidades de crédito em Rúpias indianas ou em moeda estrangeira seriam admissíveis contra a segurança de tais depósitos. O plano não prevê a extensão da facilidade de crédito contra a segurança da Depósitos Além disso, os bancos não devem estender qualquer tipo de facilidades de crédito para os indivíduos residentes para facilitar as remessas de saída no âmbito do Scheme. Q 25 Bancos podem abrir contas em moeda estrangeira na Índia para os residentes no âmbito do Scheme. Ans Nenhum banco na Índia não pode abrir contas em moeda estrangeira Na Índia para os residentes no âmbito do Scheme. Q 26 Pode uma unidade bancária offshore OBU na Índia ser tratados a par com uma filial do banco fora da Índia com a finalidade de abertura de contas em moeda estrangeira por residentes sob o Scheme. Ans Não Para o efeito Do esquema, uma OBU na Índia não é tratada como uma filial no exterior de um banco na Índia. Para obter mais detalhes orientação, por favor, abordagem qualquer banco autorizado a negociar em divisas ou entre em contato com Escritórios Regionais do Departamento de Câmbio do Banco de Reserva. Por favor, compartilhe este artigo com seus amigos do Facebook. Ajuda para o financiamento da conta forex da Índia. Ajuda para o financiamento da conta forex da Índia. E são muitos comerciantes ativos em Forex da Índia, por acaso para falar com um executivo AVAFX que me disse que existem cerca de 80000 comerciantes ativos da Índia lidar com eles eu gentilmente solicitar a ajuda de membros da comunidade para me orientar como eu tenho muitas perguntas sobre o financiamento A conta.1 A forma mais popular de financiamento de uma conta forex parece ser com cartão de crédito No entanto, muitos corretores forex como AVA não permitem modo alternativo de retirar fundos, ou seja, se eu fundo meu depósito com um cartão de crédito eu preciso retirar Com o mesmo cartão de crédito Infelizmente, se retirar usando um cartão de crédito, a retirada será exibida como saldo de crédito no meu cartão de crédito e não será creditada na minha conta. Isso significa que não posso retirar o saldo do crédito ou transferi-lo para minha conta bancária. É principalmente por causa de diretrizes do governo ou algo assim, uma resposta que eu tenho de meu banco de conta banco executivo HDFC.2 Transferência bancária - também conhecido como remessa exterior na Índia - é outra escolha popular, mas tem muitos Como muitos comerciantes com base na Índia sabem que, a fim de remeter fundos no exterior, ou seja, fora da Índia, é preciso ir para um banco e preencher um formulário de remessa para fora que exige a razão para a transferência e este formulário vai para O RBI para a sua análise Como remessa exterior para a margem de negociação no forex não é permitido meus fundos não será transferido para o corretor pretendido, e eu também pode minha multa multado que eu acho RBI dificilmente faria para uma transferência de 150, mas como RBI é Louco eu não posso colocar meu dinheiro em them. There são outras formas de transferência como paypal, moneybookers, etc, em que estou pouco interessado, pois é preciso muito tempo e complex. I pedido todos os comerciantes indianos para me ajudar a classificar este problema , E dar o seu veiw sobre como eu posso financiar meu AVAFX ou outro reputado corretor usando cartão de crédito ou transferência bancária como um modo de pagamento. Eu também gostaria de saber como eu posso pagar o imposto de renda sobre os lucros que eu faço com a negociação em Obrigado e trad feliz Ing. Forex Remessas permitidas upto US 125.000 FPIs pode negociar em derivados de moeda e NRIs permitiu INR até Rs 25.000.RBI em uma declaração de política monetária bimestral em 03 de junho de 2014, anunciou 3 medidas importantes relacionadas com não residentes índios NRI, Carteira Estrangeira O limite de elegibilidade para as remessas de divisas no âmbito do LRS foi reduzido para US 75.000 no ano passado. Com a recente estabilidade nos mercados estrangeiros RBI decidiu aumentar o limite elegível para EU 125.000 sem restrições de uso final, exceto para operações de câmbio proibidas, tais como margem de negociação, loteria, e assim por diante.2 RBI permitiu investidores carteira estrangeira a participar em moeda doméstica negociados derivados cambiais Mercado, na medida das suas exposições subjacentes, acrescido de um adicional de 10 milhões de A fim de melhorar a profundidade ea liquidez no mercado interno de câmbio estrangeiro RBI também permitiu às entidades nacionais acesso semelhante ao mercado de derivados de divisas negociadas em bolsa.3 Não residentes que visitam a Índia não foram autorizados a retirar qualquer moeda indiana notas INR, O país Apenas os residentes indianos foram autorizados a tomar notas de moeda indiana até Rs 10.000 fora do país Com vista a facilitar os requisitos de viagem dos não residentes que visitam a Índia, RBI permitiu que todos os residentes e não residentes, exceto os cidadãos do Paquistão e Bangladesh para tomar Out Notas de moeda indiana até Rs 25.000, deixando o país. Diretrizes operacionais detalhadas para todas as medidas acima serão emitidas separadamente. Sobre Jigar Patel, CFA EUA, MBA-Finanças EUA, CPA EUA, CA Índia. Mr Jigar especializada em NRI Investimentos E Fiscalidade Ele tem orgulho de ser um dos únicos 21 CFA Charterholders na Índia trabalhando como consultores Em 2011, quando se tornou CFA Charterholder, de 97,1 73 CFA Charterholders no mundo, só 697 Charterholders estavam na Índia e apenas 3 trabalham como consultor. Ele recebeu seu MBA Finanças da Universidade de Illinois, Chicago, EUA, CPA dos EUA e um Chartered Accountant da Índia Jigar tem mais de 15 anos de profissionais Atualmente, ele fornece Wealth Management e consultoria tributária atendendo clientes dos EUA, Reino Unido, Américas, Europa, Oriente Médio, Ásia, África, Austrália e India. Hi eu era um NRI que Retornou à Índia há muitos anos eu sou agora um indiano residente desde muitos anos, tendo legal e declarou os fundos declarados ainda está em uma conta bancária dos EUA até hoje É legalmente seguro para mim abrir uma conta de negociação forex com esses fundos e comércio livremente Em TODAS as moedas sentado aqui na Índia, usando SOMENTE esses fundos estou perguntando isso desde forex trading é ilegal na Índia, mas este é o meu próprio dinheiro legal mentir nos EUA desde todos estes anos Estou violando qualquer RBI, FEMA etc Regras se eu começar a fazer this. Jigar Patel, CFA EUA, MBA-Finanças EUA, CPA EUA, CA Índia says.1 Como você é um residente, você pode trocar em forex nas trocas como permitido na Índia Você não está autorizado a comércio em Forex fora da Índia 2 Como você é um residente indiano sob FEMA, por negociação em forex fora da Índia, você estaria violando as leis da FEMA Thanks. Rohin, você pode negociar forex apenas se você manter o status NRI que é se você ainda está segurando um EUA Passaporte Outras palavras que você pode viver na Índia de forma permanente e ainda pode manter o seu estatuto NRI como o rendimento dos EUA é tributado globalmente Você pode abrir uma conta NRE na Índia, se você é um portador de passaporte EU Neste caso, sua conta NRE será tributado pelo Indian Income Tax Autoridade como você está hospedado como residente na Índia O que você não pode fazer é transferir fundos diretamente para qualquer conta corretor da Índia É estritamente proibido transferir fundos de sua conta bancária indiana para corretor de conta para a negociação marginal, mas você está livremente autorizados a transferir fundos de Yo Ur conta bancária indiana para conta bancária dos EUA sem restrições se você é um titular de passaporte dos EUA ou usar seus fundos dos EUA em sua conta bancária dos EUA para forex trading Você não pode transferir lucros diretamente da conta de corretor para a conta bancária da Índia Você só pode transferir do seu US Bank Se uma OCI ou NRI trabalhando nos Emirados Árabes Unidos está fazendo negócios nos EUA, Canadá, Austrália, etc ou trabalhando em Guld e fica por mais de 6 meses na Índia, então é considerado como residente, por isso, Você será tributado sobre o rendimento mundial na Índia Depois de pagar seus impostos nos EUA e obter sua declaração de imposto de renda, então você tem que mostrá-lo à autoridade de imposto de renda indiano e pagar a diferença com base nas taxas de imposto de renda. EUA, MBA-Finanças EUA, CPA EUA, CA Índia says.1 NRI status não é subjetivo, mas é objectivo ou seja, com base em dias reais passados ​​na Índia e sua intenção de permanecer em um país 2 Se você é um residente, você não está autorizado Para manter conta NRE mas mu St têm uma conta de residente Mesmo os cidadãos dos EUA que vivem na Índia minha filha é um residente indiano e só pode manter conta residente Todas as regras e regulamentos da FEMA relativas ao residente indiano se aplicaria até mesmo cidadão dos EUA cidadania é uma questão de imigração e não tem nada a ver com a tributação 3 Os comerciantes forex podem dizer-lhe e mostrar maneiras de fazer forex, mas em seu registro, eles teriam mencionado NRI e não residente como eles iriam por sua declaração e os corretores certifique-se a trilha de dinheiro é de NRE ou fundos estrangeiros para que eles São cobertos Mas, no futuro, quando há uma consulta Direcção de Execução ED escrutínio de créditos em contas NRE Os tempos econômicos 30 09 16, o investidor seria o um recebendo todos os avisos e sujeitos a pena, se houver 4 Don t fazê-lo investir como Residente se você é um NRI e investir como NRI é você é um residente Thanks. Hi, eu sou da Índia e comércio de mercados indianos Eu realmente quero negociar derivados em NYMEX, CME, etc Eu sei que muitas pessoas pediram um Sobre a legalidade e outras coisas. Mas se você realmente quiser fazer isso comércios futuros internacionais, forex, como você de alguma forma fazê-lo legalmente e ainda ser um residente indiano eu realmente quero uma resposta para isso, mas se é realmente impossível, então você vai Tem que se tornar um NRI até que você o tempo você o faz Basicamente pode você por favor me diga se há um corte do loooong se não um atalho para com sucesso trocar os mercados internacionais Pls não diz sua resposta impossível ou cant Se não aqui, os pls me enviam Meu endereço de e-mail dado Eu me sinto impotente Ninguém é capaz de me ajudar neste sentido até agora. Jigar Patel, CFA EUA, MBA-Finanças EUA, CPA EUA, CA Índia says. Hi Jigar, eu sou Rahul de Mumbai Eu tenho seguido o seu Posts e não há muito a aprender Obrigado por todas as informações valiosas. Bem, eu tenho uma consulta sobre Binário Option Trading De seus comentários recentes é claro que a negociação de opções binárias é ilegal para os cidadãos indianos Eu tenho ido através da FEMA, as políticas SEBI RBI Mas recentemente Eu achei o Ut Opções binárias é legal na Índia, se você incorporar com uma empresa e comércio O que isso significa Você pode, por favor, descreva isso se possível Se eu quiser negociar em binário, o que eu tenho que fazer em seguida Eu quero ser um tempo inteiro Binary Trader Por favor, ajude Obrigado Advance. Jigar Patel, CFA EUA, MBA-Finanças EUA, CPA EUA, CA Índia says. You pode negociar em todos os securites ou opções que são negociadas na Índia Somente para negociação fora da Índia, há restrição para negociação em Forex derivados para um residente indiano Eu acho que iria incluir residente individual, empresa ou empresa Thanks. Hi, Obrigado pela sua resposta Bem, eu tenho ido através de alguns blogs e sites recentemente Dizem Forex trading é legal na Índia só se você incorporar com um company or a corporation Secondly we have to use free dollars from our reserve and lastly the leverage will be less than 10 I want to know the whole process if you can help Thank you in advance. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. You m ay ask them who advised you to do all these to provide the FEMA rules to understand the requirements I think forex trading can only be done by residents as hedging I am not sure about forex trading as business I suggest you consult someone before going through all these procedural hassles Thanks. I am an NRI working in Dubai I have around 18 lacs rupees of FD in India in a normal account not NRE I want to bring back that amount to Dubai and then send it to my NRE account I want to bring that amount to Dubai in USD or AED At current rate, amount will be little above 26000 USD Am I allowed to carry this much of USD while going back from India What is the other alternative to bring the amount to Dubai Thanks in advance. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Instead, I would recommend to change your resident account to NRO and then transfer to NRE NRO to NRE transfer is allowed under FEMA Thanks. Hi, This post is indeed useful and moreover the comments section is ev en more informative After going through all the comments and your replies I understand that trading in forex markets is not permitted for Indian residents I would like to ask a couple of questions.1 Are there any chances of forex trading being made legal in India Just a couple of months back, RBI has allowed trading of cross-currency derivatives like EUR-USD GBP-USD in India So will the actual forex trading be made legal in India any time soon.2 I have gone through all the circulars advisories notifications press releases issued by the RBI in terms of forex trading I see that they mention that forex trading is not permitted and violates the FEMA act On some portals, it is also said that forex trading is a non-bailable offence in India I want to know what exactly are the implications and the punishment in terms of bail money fine jail term, etc. It is very sad to know that you cannot trade in one of the biggest markets in the world Hopefully it will be allowed here in India like in other countries Till then there is no other option other than to wait. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 Forex trading in India is legal for residents As INR is not fully convertible, I am not sure whether or when forex trading outside India will be allowed 2 Don t do it because it is not allowed not legal Severity of punishment should not be the deciding factor Thanks. JINKAL HALAPARA says. My client is Pakistani citizen and shifted to India from last one year He wants to receive money from US from his relative for his day to day living expenses He is Doctor What is the limit up to which he can receive forex Please guide me. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. As your client is a citizen of Pakistan, he would need RBI permission for opening a bank account in India I think he can receive gift from his relative for his day to day living expenses, which I think won t be much I am not sure of any limit but please contact the bank and or RBI Thanks. KVS Krishnan says. Sir, While travelling abroad I have availed local transport for travelling inside city He has sent me his bill Can I pay it through Paypal this amount Whether this amount will get counted in LRS limit for kind advice please. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Payment outside India for travel is an allowable remittance and you will be able to send the money out I am not sure if you can transfer via Paypal I would transfer through bank Thanks. Hi, please suggest me 1 if i give the forex fund managing service to out of India to foreigners like in USA, i will take 50 profit sharing fee for my fund managing service to my clients Then i want to give the tax for earning by forex fund-managing service , it is legal or not in India 2 if i made some US Dollars in e-currency like perfect money by online selling any services or software in USA And if i use these USD in forex trading on eurusd, gbpusd, usdjpy etc even i will not transfer a b it of amount from outside of country India for forex trading Then i want to give the tax for earning by forex trading, it is legal or not in India 3 And how much money i can transfer in my indian bank account 4 Can I trade in international commodities like gold, silver etc. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Assuming you are an Indian resident, any trading in forex, directly or indirectly is not allowed by resident, whether money is earned in India or outside India I would recommend trading in gold silver in India as they are also available in India and prices are based on international markets Thanks. I was working in USA since last 2 years and came back to India on 8th April 2016 I won 900 in scratch lottery on 4th April 2016 and I have transferred the lottery winnings to my NRE account on 5th April.1 As I understand, the FEMA rules are NOT applicable to NRIs Please correct me if I am wrong When I won the lottery and transferred the winnings to Indian accou nt, I was still NRI So I think it was legal transaction Since I came back to India on 8th April, I became Resident Indian from 8th April Does this makes the lottery winnings transaction illegal.2 Since now, I am Resident Indian for the FY 2016-17 for income tax purpose, do I have to pay tax for my lottery winnings I have already paid tax for it in USA Can I use DTAA benefit here so that I don t have to pay tax in both USA and India. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 I think it would be okay Please check with your CA 2 Yes while you would need to include US income, you are still allowed to claim the rebate on the tax paid in USA Thanks. I am a senior NRI with funds in Banks in India As a senior retired person, I plan to stay in USA With the upward trend in exchange rate of INR Vs USD what is the best method of protecting my savings Is it better to transfer money to my US bank checking account by giving an Indian Bank check Or should i draw money using VISA debit card got from the indian bank What are the other better options US ETFs I am not a keen trader Thanks for your valuable advice preferably by email to mail Id. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 I would keep 75 of money where I am living If you are living in USA, I would recommend keeping 75 of your total investments in USA in USD As an NRI, you are allowed to remit upto 1 million per year to USA from your NRO account You may need a CA certificate in Form 15CB and filing of 15CA for transferring the funds Please check with your bank For investments options and where to invest, please contact us using the details in Contact Us page Thanks. Sir , I am in merchant navy and i have an nri account So can i do binary option in forex pairs like eurusd, gbpusd etc Through recognised brokers Please advice sir Thanks. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Doesn t matter you have an NRI account What matters is whether your residential s tatus as per FEMA is Non-Resident If yes, you can whatever you want based on the laws of resident country Thanks. Can an Indian on tourist visa to Europe play any European lottery in the event of any win open bank account with that money in European country utilise those money in europeafter paying applicable taxes Is there provision for remitting those money in India after paying taxes Will appreciate your pronpt response on this. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Rakesh Pai says. Hi, Thanks for all the useful information you provided I am currently in US on h1-b status My brother is planning to do his higher studies in india and he has got a seat under nri quoto I m the sponsorer for his studies But the fees is 75k per year for 3 years This amount is huge and I cannot pay the college currently My father has arranged for the money and he is planning to transfer that amount to my account And the college will deduct from my account I want to understand all th e consequences involved in this process Will I or my dad have any income tax issues What is the maximum amount I can get from outside country to US Thank you. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 Any transfer between two different person needs to be categorized whether gift or loan and FEMA rules relating to that transfer category needs to be complied with You also need to comply with the rules relating to foreign gift received and gift given of IRS 2 Please note your parents can give gift to you of upto 250000 per year as per FEMA As per IRS, foreign gifts are tax free provided declaration is made Also, a US resident can give gift of upto 14000 per person per year without declaring to IRS Any additional amount needs to be declared to IRS and whether gift tax is to be paid or a declaration to adjust it against the lifetime gift amount 3 NRI can remit upto 1million per year outside India 250,000 limit is for Indian residents Thanks. Dear Sir, I am doing some consultancy and has gone into an investor who has funds in Singapore for trading the funds by bank operated treasury programs and Bank is giving the benefits to the investor and investor is paying me commissions in my singapore account.1 What will be the tax if I bring my commissions in india 2 I want to purchase with this commission a house and office in singapore whether I have to pay tax in india for this purchase of property 3 I am not NRI whether all the things is legal as per RBI norms Thanks in advance for your reply. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 If you are an Indian resident, the fact that you have received income in Singapore, itself is subject to tax Your bringing money to India is not taxable 2 There is no tax on purchase of property Tax is only on Income However, as a resident, you would need to include your accounts assets in Foreign Assets If you don t, it may be considered as Black money and subject to penal provisions 3 As long as yo u report your income and pay tax on income received and report foreign assets to IT department, I think it is allowed Thanks. I am an NRI working in Gulf and my wife stays with me I intend to gift her an amount of USD 150,000 which she wants to use to trade in F O category in Indian Stock Market. Is it allowed under FEMA Income tax rules Is there a gift tax applicable Can the funds be repatriated back incase required by me in future Kind regards Broy. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 As you are an NRI, you need to follow the laws of country where you are resident FEMA applies to Indian residents and NRIs for their activities in India FEMA does not apply to NRIs transacting with other NRIs So any transfer to your wife needs to comply with the gulf country of your residence Once funds are transferred to India, FEMA will apply 2 As per FEMA and Income tax, the funds will be of you wife Also, NRI are allowed to trade in Indian stock market only on delivery ba sis through PIS The investment through derivaties F O can only be done on non-repatriation basis from NRO account only Thanks. Currently, I am working in USA on H1B visa I came to US in JAN 2015 So for income tax purpose, I am Non-Resident Indian for financial year 2015-16 I have query regarding lottery winnings outside India After reading other Q A in this blog, I understood that if NRI wins lottery in USA, the lottery winnings can be transferred to Indian Bank account legally If I win lottery in April 2016 and permanently come back to India in Jun 2016, I think I will be considered Resident Indian for financial year 2016-17 In this case, will I be able to transfer lottery won in April 2016 to my Indian bank account Will it be considered illegal If yes, that means, I will have to stay in US at least for 183 days of FY 2016-17 to make this lottery winning legal I can travel back after Aug 30, 2016 Please advise Thank You. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. A s you are an NRI, you are allowed to play lottery as per Indian laws Please check if you are allowed to play as per US laws I think you are allowed as you are also an US resident If you win, please contact us and we can help you with the transfer of funds to India and also invest to effectively to save your tax Don t think too much All the best Thanks. vyomesh shah says. Kamath says. My compliments to you sir, on a very practical and useful forum My daughter in law Prabha works with TCS as a project manager and is posted to their US office She has been staying in US for past 4 years and is likely to continue there for next 4 years She and her husband are both N R I She has her US bank account In the Co operative Society building that we are now staying In Mumbai there is one flat for sale area of 600 sq ft at rate of Rs 15,000 per sq ft It is owned by a US citizen originally an Indian from Mumbai but now permanently staying in US a medical doctor by profession The cost of the flat is 90 lacs Indian currency The two families are known to each other and have mutual confidence in each other She is interested in buying this flat in our Society in Mumbai She has a saving of 1 Indian Currency of Rs 15 lacs 2 US dollars of 40,000 - in her US bank now The total price of the Flat if converted to US dollars will be about 110,000 US dollars She is willing to pay s tamp duty and register the document the seller has given power of attorney to her fathers brother living in Mumbai My question is 1 can she make the payment of the flat in US dollars from her bank account in US directly to the sellers bank account in US 2 Can she make the sale agreement if both parties are agreeable that the balance of the payment of US 60,000 is paid to the party in monthly installments of US 2000 per month for next 30 months so that the whole transaction is directly paid to the seller in the US in US 3 Instead of registering the sale deed in Mumbai can the sale deed be notarised and registered in the US in the city where the seller is staying 4 as a guarantee for the payment of the entire balance she is prepared to deposit the entire set of documents with the seller custody till the entire payment is completed 5 By this process both parties will save going to a bank for home loan from the bank and getting involved in the red tape and questions 6 They will both save t he transfer charges for converting the US to Indian Rupees and again back from Indian Rupees to US and all incidental bank charges and bank commissions Both the parties know each other and have mutual faith and confidence but still the paper work is necessary to be done properly If registered in Mumbai the stamp duty and registration will be done here I would be grateful if you would give your valuable opinion and advise. Thank you Dr 13th October 2015.Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. The mode of payment for an NRI buying an immovable property in India are inward remittance or transfer from NRO, NRE or FCNR account Any other mode of payment including Traveller s Cheques or foreign currency note or direct transfer outof India is not allowed If property is bought, it would be considered as buying of property in contravention of FEMA laws and NRI won t be able to repatriate the funds outside India Thanks. Kamath says. Thanks for your expert advise 1 The seller is a PIO but now a US citizen and if the payment is all made in US there is no question of repatriation of funds 2 The buyer is an NRI and will be in US for next 3 years and during this time she will pay the entire sale value to seller in US She will return to India after 3 years and wants to live in the flat in India So there is no question of selling and repatriation of funds at all Even if she sells later on she will be happy to receive the sale value in Indian rupees 3, The purpose or motive is not to cheat the Government but to avoid unnecessary paper work in transferring money in both ways by both parties Based on this please suggest the best way out Thanks Kamath 26th October 2015.Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Money has to be paid via inward transfer or from NRO NRE or FCNR account Any other mode of payment in US outside India is not allowed Paperwork is required to ensure compliance with l aws and regulations Thanks. You re doing a great job by providing free consultancy on the internet. I m an Indian resident I too have some doubts and questions.1 In my free time I work for few online PTC PTS sites and earned dollars which are less than USD10,000, Can i withdraw this money to my saving account via payment processors like Paypal Payza.2 Recently I saw many Indians residents were actively participating in US based online HYIP programme and earning money, still my query is same, can I invest some dollars via payment processors in it and withdraw it to my bank account in India It is legal. Waiting for your reply, Thanks. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 Any income even 1 needs to be included in your income tax return You may withdraw transfer funds to India 2 US based HYIP program may be a ponzy scheme where you may not see any return You have to be very careful in investing such programs As per FEMA, you are allowed to invest outside India You need to really understand the HYIP program that you want to invest in HYIP is a grey area as if it is used for borrow lending, it may not be allowed Please check with your CA Personal suggestion, Don t do it Thanks. Kola Buttu says. Your blog is very useful to number of people I have a simple question He is NRI and working in a company X abroad outside india more than 4 years now Every year he will visit india for maximum 34days stay and return back He is planning to stay in india permanently by this trip on JAN 22, 2016.Residing outside India period - FY 01 Apr 2011-FY 31 Mar 2012 34days FY 01 Apr 2012-FY 31 Mar 2013 28days FY 01 Apr 2013-FY 31 Mar 2014 32days FY 01 Apr 2014-FY 31 Mar 2015 34days FY 01 Apr 2015-FY 31 Mar 2016 68days. Is there any tax will have to pay for FY 01 Apr 2015 FY 31 Mar 2016 because his stay in india exceeds 60 days will be treated as RESIDENT or 183 days will be treated as RESIDENT. Please note after 22 JAN 2016, he dont have intention to go abroad for work or any other purposes, Happy to stay in India. Appreciated for your earlier reply. Kola Buttu says. Apologies Small Change. Residing outside India period - FY 01 Apr 2011-FY 31 Mar 2012 34days stay only in india FY 01 Apr 2012-FY 31 Mar 2013 28days stay only in india FY 01 Apr 2013-FY 31 Mar 2014 32days stay only in india FY 01 Apr 2014-FY 31 Mar 2015 34days stay only in india FY 01 Apr 2015-FY 31 Mar 2016 68days stay only in india. Approximately every year more than 300 days stay outside india. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. As you are an Indian citizen, if you stay in India for 60 days, you would be a resident However, as you have stayed less than 365 days in last 4 years, the status would be Not Ordinary Resident As a Not Ordinary resident, your foreign salary income won t be taxable in India If you don t want to get into complexity, take an international vacation of about 10 days and return to India after February 2, 2016 Thanks. Kola Buttu says. Dear sir He is NRI is there any limit to send TT to NRO or NRE A C through money exchange much can be send for a year maximum How much FEMA Act applies to this Many Thanks. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. There is no limit on money coming in to India It is better to send big money through wire transfer from a foreign bank and pay 40-50 for international wire and then negotiate with the receiving bank for better exchange rate Usually, you would be able to get about 40-50 paise better rate than the card official rate Thanks. hello sir, first of all thanks for your valuable inputs on questions regarding forex trading its great source of information well i m residing in india but after one month i ll setup business in dubai my question is as i ll open nri account in abc bank in india can i directly transfer my earnings of forex trading from my broker account to nri bank account, also how much can i transfer eagerly waiting for reply thank you. Jigar Patel, CFA USA , MBA-F inance USA , CPA USA , CA India says. Your business set up won t make you and NRI you would have to physically out of India Once you are an NRI and resident of another country, you are required to invest based on the rules of that county If you are an Indian resident and controlling business in Dubai, its income will be taxed in India. As far as Indian laws are concerned, if you are an NRI, foreign income is not taxable in India Thanks. thank you sir and yes i ll stay in dubai for more than six month. Kola Buttu says. He is an Indian Citizen, currently residing in the Saudi and working there for over 11 months now I have the following question. He won a lottery 2 millions Can he then transfer whole lottery winnings to his NRE account in India Is there a limit to send Is it taxable implication for FY 2015-2016 and he will be resident of india FY 2016-2017 so is it taxable for 2 million for 2015 transfer. I read as per FEMA Act it is prohibited and penalty will be thrice the amount transferred. Grateful if you can respond to the query. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. If he is an NRI for income tax and FEMA, there is no tax on foreign income and he is allowed to transfer the money to NRE account If the bank or income tax department asks for the source, he should be able to prove the same Once he become a resident, his global income would be taxable So while 2 million won t be taxable, any income on 2 million will be taxable. You will have to be very careful as with the new Black Money Act, the income tax department and FEMA both are keeping an eye on the money transfer and sudden increase in easy foreign income of NRIs However, if it is genuine and you have all the proof, you would be okay Thanks. kola buttu says. Please explain your reply note Once he become a resident, his global income would be taxable So while 2 million won t be taxable, any income on 2 million will be taxable. So what I understood is that, There is no tax on 2 million any part of time but from 2 million whatever income arises such as bank interest or other investment profit would be taxable is it right. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Yes 2 million earned outside India as NRI, not taxable in India But any income from 2 million earned while resident in India is taxable in India Thanks. NRI has visited India during 30 days leave he is presently employed in Gulf He want to open online Forex Trading Account with FXCM UK and remit the money through bank wire as trading deposit Can he remit it through NRE Account maintained with Dena Bank, Mumbai by bank wire and what reason he has to mention in the declaration with bank. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. An NRI can remit the funds out of NRE account without any restrictions I don t think there will be any question for the transfer Thanks. I have two question to Dear Jigar and I would be thankful for his guidance. My son who has been in USA past over ten y ears was stationed in Washington DC and had bought a house in one of the suburb Since he is transferred to west California, he has sole his house and contemplating to buy one there but finding houses available are far more expensive amounting to double of that he had and has now sold This has created problem to purchasing of a suitable house even in suburb. My question are the following.1 He had purchased an apartment in India paying it in dollar To ease out the present situation, he is toying with the idea to sell it Can the sell proceed be repatriated to extent of amount invested plus any value appreciation of the property.2 As a father, I would like to butt in to help him out to the extent of limit to tide over the situation so that EMI is on a comfortable level If the answer is yes, what can be the limit. I would be thankful for your guidance. Regards, Tarun Kanungo. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 Yes He can sell the house in India and after payment of tax, he can remit funds to USA 2 As a father you are allowed to gift upto 250,000 per year to him Your wife can also gift the same amount to him Please transfer funds directly into his US account If you transfer to his Indian NRO account, he may need CA certificate in form 15CB and have to file 15CA for the transfer, unnecessarily complicating and delaying the transfer Thanks. Suhas Gowda says. I am living in the US for more than 3 years now working on H1B visa I saw the rules on many of these big lottery websites Powerball MegaMillions and see that it is completely legal for foreign nationals to play and win the jackpots. Now my question is if I win the jackpot, say approx 100 Million 1 Will I be able to transfer the same to India after paying all the taxes in US Should I pay the gift tax of 40 after federal state taxes to be able to transfer to India 2 What are the taxes if any I would have to pay in India if the answer to the first one is YES. Thanks Suhas Gowda. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Indian residents are not allowed to remit transfer funds out of India for playing lottery As you are an NRI, rules are different You are allowed to buy and play the lottery and also win and transfer the funds to India If you win big, please contact us and we can help you with the transfer and taxation Please note, there is no double taxation Thanks. Vinod Khanna says. what i understand is that Indian resident can not do forex in overseas currency EUR USD, GBP USD but some people saying that NRI can do forex is it true from online i have found that if someone don t stay in India for 180 days he will be NRI so isn t like people can take 180days vacation in Bangladesh or Pakistan and become NRI assume someone started overseas currency trade and after 5.10 years he want to withdraw the money so last year of withdraw, he can stay outside of India to become NRI. now is NRI status permanently or if he lives in india for 6 month for an year in future hi s NRI will be canceled here i got another suggestion if i make money from online in USD or other currency than INR and use that foreign currency to trade it will consider as legal is it true. in that case how can i fill tax return, how can i proof that invested currency was in USD assume someone invested 100USD and make 50K USD or more after 20.Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. You have to be very careful for the definition of residential status It is not that easy For Indian resident on visit outside India, the person is resident even if he stays 60 days in India as per income tax However, it is not important as the foreign investments are governed by FEMA Under FEMA, if your intention is not of moving out of India, you will still be a resident of India under FEMA and all related rules will apply I would suggest you contact your CA Thanks. I have two questions 1 I am visiting US on business I had spend some time with my cousin who is US citizen and has OCI He bought me a Powerball ticket and smiled at me and said that if I win I can take the money back That set me thinking as I have heard of FEMA rule Now if the Lottery ticket is a gift as he paid for it and in case I won this how do I bring this money back to India While the ticket is a gift and the outcome is from the gift, how does FEMA treat such cases and Income tax Lottery winning in US is perfectly legal, they deduct the tax and give you the money.2 Again can my cousin who is US citizen gift me India Citizen cash What is the limit I understand there is a 40 gift tax in US under the hands of gifter Why under DTAA, it says the 1st right of taxing gift is at the hand of India So in this case since my cousin is gifting me, Under DTAA he need not pay tax and the tax will be at hands of me in India, right Again if he is taxed at 40 in US, do I have to pay tax again in India. Appreciate your comments. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 As an Indian resident , your global income is taxable in India If any tax is paid in foreign country, you may claim it as a credit while filing your tax return in India Also, gift received from your close relative is exempt from tax Your cousin is not your close relative 2 In USA gift tax is on giver so your cousin has to pay tax As per Indian income tax, tax is on receiver While your cousin may avoid paying tax in USA provided he complete certain formalities , any gift from non-relative is included in your income any you would have to pay the tax Thanks. If I understand you right My cousin does not pay tax under DTAA or based on his life time exemption on gift tax I am sorry to be persistent but just curious As per DTAA the first right for taxation lies with India. One another thing is if there is a limitation in US to the amount to give tax and in India to receive. Once again thanks for your wonderful post. I am sorry, my previous question, last paragraph was if there is a limit of amount you can gift to a no n citizen by US Citizen and or Indian Citizen to receive amount as gift from US as per FEMA Exemption being non relative. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. There is no distinction of US citizen or not The rule apply to any individual Also, FEMA would always allow foreign exchange coming in to India The limit for gift from non-relative is under Income Tax in India and is Rs 50,000 per year Thanks. Jigar, Not to beat the issue to death based on several comments above looks like, 1 Any inward remittance into India from lottery won abroad though it is legal there is not permitted as per FEMA rules.2 Indian resident cannot open US account to keep that money there as you need to declare the global income and thus source of income would be lottery and would be against FEMA rules.3 Also, we cannot have someone who is citizen Cousin of that country claim the money on your behalf and gift you as you are only allowed to receive Rs 50,000 00 per FY from them Anything m ore would be considered money laundering. Is there a way out Like contact your firm or any of attorney or CPA firm to help us with this Also, I do not understand why FEMA is taking high moral stand rather than economical stand when it is not illicit money coming in to the country but the FEMA provision in fact forcing the resident Indian to take coercive approachments on above would be greatly appreciated. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 As you are not allowed any outward remittance for purchase of lottery ticket, you can not win a lottery And, any lottery winning would be illegal 2 Indian resident is allowed to send money abroad for foreign assets investments of upto 250,000 per year But not for buying lottery ticket, which is specifically prohibited in FEMA 3 Receiving gift from non-relative is considered as a taxable gift and included in your income in India as per income tax act. Economically, logically and statistically, it is proven that the percen tage of winning a lottery is very small and many more people have to lose so that one can win If FEMA allows inward remittance of lottery winning, FEMA would also allow outward remittance of purchasing lottery tickets, which would be a lot more than winning on an average over a long term period There may be other reasons, but this is my understanding of economical logical reason in addition to the moral ground Thanks. Thanks That clarifies and clear I will ask this last question and would cease from asking any more. Based on your answer 3 I can receive any amount of money as gift from non relative, correct The tax exemption is up to Rs 50,000 00, rest of the money will be taxed In essence, if my cousin or someone in US citizen non relative gifts me large sum, I am allowed to receive them without Limit but needs to pay tax as it would included in my overall income Where is the question of money laundering here. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. You would need to prove genuineness Why a non-relative would give gift to you and not his her family close relative Also, his networth income Income tax may inquire The question of money laundering come when you have unaccounted income cash that you give him and he would give you gift Also, when you receive gift of Rs 51,000, whole 51,000 is included as income and not just 1,000 Thanks. Ignatious D Souza says. I am a Non Resident Indian for the last 33 years I occasionally play EuroMilllions through Sydnicates i e I am not playing directly but somebody is playing on my behalf who is a resident of Euro Zone In case of a Big Win, Will I be able to receive the proceeds to my NRE Account. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. As an NRI, you are not taxed in your foreign income I would suggest you to transfer the winning amount to your foreign account and then transfer the funds to NRE Please also contact your CA or us if the amount is BIG for better planning for transferring mone y Thanks. Hello Sir GREAT JOB. Sir i am akash from INDIA, resident of INDIA. Sir, I have Deposit 300usd in FXCM platform and trading last 3 months and have gained around 2000usd And now i want to know withdrawn all my money i e 1300usd in my Indian saving icici bank account, will there be any problem if yes then how i will tackle or crack, give me some solution. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. An Indian resident is not allowed to trade in overseas foreign exchange forex through internet or online trading portals It is illegal and you should not do that Please stop the trading immediately else, you may be in big trouble Thanks. I have deposited 102 5 in Skiill Moneybookers then i have deposited this money in hotforex International broker for currency i have make some profit from that and withdraw it in Skrill Moneybookers Now i want to withdraw it in Indian bank, is there any problem if i withdraw this money in Indian bank I am an Indian resident. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. An Indian resident is not allowed to trade in overseas foreign exchange forex through internet or online trading portals It is illegal and you should not do that Please stop the trading immediately Thanks. Dear Sir, I have recently transferred about 20K USD to my ICICI Bank Account Normal Saving Account from my overseas Bank in Myanmar Myanmar Bank account shows money debited but it is still not credited in my ICICI Bank Account Now almost 5 days Please advice how to take this ahead. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Please check with your ICICI bank in Myanmar and obtain the fund transfer TT transfer information and then fllow up with your bank in India Thanks. hello, sir i need your response for this information. sir, i use to have capital for forextrading in overseas by posting on forums or else by winning in contests. so i trade with it and earn. but since several days, as forex is told illegal in making me worry. but confidence i have is, i never used indian currency for deposit or trading in forex i only use my contest winnings and bonus posting capital as far as i am concerned i am not harming indian currency as i have not used it for deposit and trading and rather i do earn dollars and trade with it so when i bring that it will add economy to country as bringing in currency-i am not sure the matter i said was true or not but its my feeling. so i want information from you now that can i withdraw to my indian bank and pay taxes for it will there be any problem if we do like that. and also if i want to pay tax when earned more than rs 2,50,000 within a year. then what are needed for paying tax i e do i need to show the statement of trading or what. i e i mean what are things i need to submit while filing a tax return. please answer me all questions and i really appreciate your answer and thanks in advance. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Your query is confusing P lease repost with your situation and questions Thanks. Hello, Thanks for this helpful blog, truly informative I am an OCI in US My cousin, resident in India, has recently lost his job and is trying to sell his flat to pay off his mortgage, but selling will take time I am thinking of helping him out with a personal loan preferably by remitting from my US bank account via directly to his mortgage lender bank in India to pay off the Rs 35 Lac balance of his mortgage This will relieve him of monthly mortgage payments while he is in the process of selling the flat which could take a few months After sale, he will repay me the amount I sent Would he be able to repay by means of outward remittance directly from his Indian bank account to my US bank account We re wondering how best to go about this so that there would be no problem with outward return remittance, and no tax implications for me I don t currently have any NRE NRO accounts would these be even necessary for this scenario Would very much appreciate your insight. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 You and your cousin are not a close relative under FEMA and as a result, you may not give loan on a repatriation basis Your loan to him would be on non-repatriation basis only 2 The best way to go about the transaction would be that you transfer the funds as a loan to your cousin s savings account He would make payment to the mortgage lender bank instead of directly transfering funds to the bank 3 I would suggest you to wire the funds pay 40 or so for international wire and NOT use a third party money changes For higher amount, you can negotiate with the bank where you are transferring the money for better exchange rate My experience is that your average saving would be 50 paise 75 paise also and if the transfer is 50,000, you end up saving 25,000 way more than 2500 spent on international wire 4 Only when any income is involved, you need to consider the tax implications If there is no inter est or other benefit, there is no income and no tax implications 5 You do not need NRO NRE account for transferring funds to your cousin As your loan will be on a non-repatriable basis, when the amount is returned to you, it can only be credited to NRO account Thanks. Thank you very much for the guidance Just a couple of follow-ups, if I may thanks On 2 sending the funds to my cousin s account is suggested it this because it establishes more clearly for any documentation proof purposes that I m making the loan to him Sending to his mortgage lender bank has one small advantage in that it would ensure that the funds reach the final destination On 3 My bank HSBC USA quoted me a Rs53 exchange rate yesterday for USD, whereas and remit2india show about Rs60 I guess I will need to shop around other wiring banks If, hypothetically speaking, exchange rates are approx equal between Wire Vs does Wire still hold some advantage in terms of any documentation proof that may be needed later On 5 Once t he amount is returned to my NRO account, can I then repatriate it back to my US account The amount is well under the 1M limit, but you ve mentioned non-repatriable , which seems to imply I cannot bring the amount back to US. I would be very grateful for any clarifications on the above Thanks. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 That is the right way and establish a good money trail Also, you need to comply with other RBI regulations 2 I sincerely doubt that You need not contact your bank in USA but the bank in India where you plan to transfer funds You would definitely get better rates as banks in India are in need of foreign exchange If you convert in USA, as they may not have INR, they give you really bad rate 3 Yes you can but only through NRO Thanks. Hi, I m an Indian citizen and opened a forex account with an international broker At the time of opening account I got 15 as bonus Today, I have 1500 Did I do anything illegal if I withdrew some of it and bo ught it back to India and paid tax on it here Best Regards, Rakesh. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 The question of legality comes when you invest through international broker and trade in forex It does not arise at the time of withdrawal 2 You would pay the tax on the transactions entered by you during the year Income tax is on income and not on withdrawal Thanks ithdrawal is. Kamlesh D Mewada says. I have formed a pvt ltd company One Person Company specially for trading binary options and broker is cyprus based, but yet i have not yet started trading because application for business commencement certificate is not submitted. Am i contravention any law if i remit outside india but i am trading as a corporation Please suggest. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. What is the person who approached with this plan say Also, Cyprus is a Notified Jurisdiction Area i e blacklisted by India for not providing information on tax evaders Thanks. can an indian resident trade in U S commodity futures doing intraday trading by remitting margins from india by taking permission from Rbi. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. After taking permission from RBI, you can do anything as permitted Thanks. Thanks for this excellent blog Can you please let me know how can I obtain RBI s permission to keep an overseas margin account I am in US Indian citizen and currently trade US futures and options in margin account and would like to continue it after relocating back to India Also, what is the duration of the permission is it one time or valid for many years Thanks for your help and shining light on this complex subject Thanks. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. You can contact your regional RBI branch office for the same RBI is very co-operative and will explain in detail about the process and forms required how to get the approval Please note that you may continue to trade if y our status is a non-resident as per FEMA RBI Thanks. Thanks Jigar I will try that. Dear Sir, I am Indian resident and i trade in commodity segment in MCX for past 3 yrs Now i want to trade in US futures market According to RBI LRS Indian residents are allowed to remit funds for investment in stocks but prohibited for margin or margin calls to overseas exchanges Did RBI gave permissions for margin trading And Can i invest the profit of stock trading to margin trading As it is allowed to invest in stocks Kindly clear my doubts. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. If RBI does not allow something, the source of funds in immaterial Thanks. Thank you for your very informative blog. My elderly parents are in the process of selling their home in India and moving all of their funds to the U S A They are both green card holders. Can they move all the funds after taxes from the India bank account to their US bank account or does the RBI rules subject them to a limit. Jigar P atel, CFA USA , MBA-Finance USA , CPA USA , CA India says. Your parents will be able to move all their funds to the USA after payment of taxes As they are NRI, TDS needs to be deducted of the tax amount For them The limit for transferring funds to USA is 1 million The limit for 125,000 is for residents Contact us if you need any help with TDS, taxation of sale of property or transferring funds to USA Thanks. Great article and very informative site I have a situation and would appreciate if you can help please I am US Citizen with OCI and came to India on vacation, however I lost my US job in this period and now I want to stay in India for few years to be able to spend time with parents and extended family and go back to US maybe after 5 or 10 or 15 years I do not have any job now and hence no salary, so I was thinking of transferring my US bank account savings to India Questions I have are 1 If I transfer from US Bank to NRE a c, do I have to transfer it from NRE to NRO since I wish to s tay in India for few years 2 Will I be able to transfer all this invested or unused money from India to US when I go back in future Will there be any tax implication or legal issue since I would have earned interest on the money I transferred to India 3 Actually it will be a big thing for me if I am able to get the US to India now since I will get decent interest to manage day to day expenses Is there any other point or tax implication that I need to consider Thanks Regards. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says.1 If you have come to India and wants to stay in India for an uncertain period, you would become Resident in India under FEMA As a result, you can not maintain the NRO, NRE or FCNR accounts but need to transfer funds to your resident account in INR or Resident Foreign Currency RFC account in foreign currency.2 There is no tax on transfer Tax is on the income And, as per current provisions, if taxes have been paid, NRI can remit upto US 1 million The pr ovision may change in future.3 Yes you can bring the money to India If you need any help with investment consulting to get better after-tax return, let us know Thanks. Thanks Much for your prompt response Per your response to point 2, it is good to know that we can remit upto US 1 million from India to US as of now I will need help with some investment consulting, will reach out to you on your contact in few days time Once again, appreciate your help Regards. You have mentioned that one may not remit foreign exchange for margin trading. I have a unique issue I am an NRI about to return to India I trade in margin instruments and derivatives at the moment So I already have a fx trading account right now If I were to return to India and become a resident Indian, can I continue trading in FX, margin trading etc with my funds already abroad I will not be sending out any money outside India However, any profit will be brought into India and tax paid Please advise Thanks. Jigar Patel, CFA USA , M BA-Finance USA , CPA USA , CA India says.1 When you return to India, your status would not change immediately to Resident depending on when you return Also, residency requirement is different under Income tax Act and FEMA 2 Whether you will be able to invest in Indian or Foreign securities or not would depend on the FEMA Any trading in foreign securities on the exchange is allowed by residents Also, NRIs are allowed to invest in exchange traded derivatives in India 3 Taxability of income will be determined by the Income tax Act Please contact your CA for details If any question, do let us know. I think I haven t been clear I do not wish to trade on the Indian Exchanges I intend to trade in EUR USD, AUD USD, XAU USD using margin traded derivatives on exchanges abroad I already have a broker in Singapore through whom I am trading I have been doing so since more than two years now and was wondering if I could continue to do so upon my return to India using my funds and accounts abroad No m oney would be remitted out of India Profits would be brought back in, and IT paid on the same. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. You may continue do that until your residential status is Non-Resident under FEMA FEMA does not allow residents to trade in foreign currencies Thanks. Hello I am taking loan of around 40k from my relatives and friends in US which I will return in a few months Is it ok to receive money in my savings bank account in India thru online transfer and then return after sometime Is there any tax or foreign exchange issue involved. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. I would assume that you want to borrow funds in US, transfer the funds to India and then payback after sometime If you will be using the funds you sent to India to payback loan, I would suggest to transfer the funds in your NRE account as you would be able to repatriate without any restrictions or documentation For India, you brought in dollars and you are taking the dollars back Unless you make money on the funds you sent to India, no tax is involved Thanks. Hi, I am a NRI living in Anchorage, AK Recently on my visit to India, I wanted to buy mutual funds from ICICI and Axis The ICICI branch manager told me that the NRIs living in USA and Canada cannot buy Indian mutual funds It does not seems right Can you please clarify Kindly let me know the procedure for buying MF for US-NRI, since they did not opened my demat account. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. As per RBI rules, any NRI can invest in or buy Indian mutual funds Due to regulatory or bank specific issues, certain bank may not offer the service to NRIs or to NRIs from certain countries Also, certain mutual funds may or may not accept funds from NRIs of certain countries While you are allowed to buy Indian mutual funds, you may not be able to invest in ICICI mutual funds as they do not allow US based NRIs ICICI has a JV with Prudential and Pru dential being a US based company is not allowed to solicit funds from US residents outside US However, you may be able to invest in schemes of other fund houses such as Birla, HDFC no NFO , IDFC, Sundaram, etc Let me know if you need any help with investments Thanks. Hello , We are currently residing in AZ, USA and planning to buy a property using funds from sale of property in India 250K I would like to know the best option to transfer this to US Are there any tax implications in US for the money transferred from your input. Jigar Patel, CFA USA , MBA-Finance USA , CPA USA , CA India says. As you are a NRI the forex remittance limit of 125,000 would not apply to you This is for residents only Your limit for transfer of funds is US 1 million You would need to pay the tax before transferring the after-tax amount or take a chance ready for multiple years and or rounds of appeals if you want to claim deduction of buying property abroad to save capital gains tax in India Thanks. Leave a Reply Cancel reply.