Bringing money from India- experts help

[prince143]

I’m planning to bring certain amount from india. Taking help of relatives by paying them in india and they will transfer in usa.

amount will be around 130k. Would it raise any flags  if that amount is transferred to my account here?  I’m planning some investment based on that amount.

 

[jersey babai]

Same question. Any smart suggestion from folks is most welcomed?

Legal way ina parledu. Is there a way to transfer from from Indian bank account to US bank account?

Share experiences please. 

[csrcsr]

...

 

 

[Sucker]

Spend in shopping in India.not worth ikkadiki thevadam 

[perugu_vada]

3 minutes ago, Sucker said:

Spend in shopping in India.not worth ikkadiki thevadam 

E slogan vine @r2d2 uncle india stay ki extension apply cheskunada

[Sucker]

3 minutes ago, perugu_vada said:

E slogan vine @r2d2 uncle india stay ki extension apply cheskunada

Yes. 

[ChillDude]

They are allowed to send $17K/account gift per year without any tax implications. Assuming u have 2 kids, open 2 bank accounts on their name.

In 2023 Nov -

$17000 ×4 accounts = $68,000

In 2024 Jan - 

$17000 ×4 accounts = $68,000

You got your $130K back

[sendral_nakka]

10 minutes ago, ChillDude said:

They are allowed to send $17K/account gift per year without any tax implications. Assuming u have 2 kids, open 2 bank accounts on their name.

In 2023 Nov -

$17000 ×4 accounts = $68,000

In 2024 Jan - 

$17000 ×4 accounts = $68,000

You got your $130K back

Complication:

How can you avoid 20% tax in India in this case?

Better buy Gold bars and sell here, there wont be any import duty I think

[ChillDude]

23 minutes ago, sendral_nakka said:

Complication:

How can you avoid 20% tax in India in this case?

Better buy Gold bars and sell here, there wont be any import duty I think

India lo property ammitey ekkuva cash ee istaru. so 20% only small amount meeda kadtaam

[no01]

36 minutes ago, sendral_nakka said:

Complication:

How can you avoid 20% tax in India in this case?

Better buy Gold bars and sell here, there wont be any import duty I think

gold bars US ki thechukovali kada...malli customs lo prob avthundemo and nee case lo multiple bars/coins thechukovali. Cant lie them, and if u do, dorikavo, malli fines...avasarama? 

[Thantrik]

2 hours ago, prince143 said:

I’m planning to bring certain amount from india. Taking help of relatives by paying them in india and they will transfer in usa.

amount will be around 130k. Would it raise any flags  if that amount is transferred to my account here?  I’m planning some investment based on that amount.

 

mamul flags kadu Eye R Yes vadu direct intike vasthadu.. don't get it deposited take as cash buy gold or some other assets like land ala 

[Thantrik]

1 hour ago, jersey babai said:

Same question. Any smart suggestion from folks is most welcomed?

Legal way ina parledu. Is there a way to transfer from from Indian bank account to US bank account?

Share experiences please. 

depends on whether in bank or as cash.. bank aithe you can talk to manager to do wire kani vadu oka fixed deposit expect chesthadu like 25 lacs so that motivates him to work, cash unte big process mundu deposit like small amounts into multiple accounts and NEFT cheyali town banks aithe easy but hyd antha mata vinaru unless ur an account holder for yrs.. this process works max for an amount of 200k beyond ante chala kastam

[sendral_nakka]

49 minutes ago, ChillDude said:

India lo property ammitey ekkuva cash ee istaru. so 20% only small amount meeda kadtaam

20% of 130k = $26k to pay in India for wire transfer

[ChillDude]

5 minutes ago, sendral_nakka said:

20% of 130k = $26k to pay in India for wire transfer

He has relatives who can transfer him money in U.S if he gives them cash in India.

property value $130K ayyite hardly $20-$30K white lo teesukuntadu and another $100K cash. So cash meeda no taxes

[yemdoing]

1 hour ago, sendral_nakka said:

Complication:

How can you avoid 20% tax in India in this case?

Better buy Gold bars and sell here, there wont be any import duty I think

gold bars tecchukunte... indian customs and usa customs yem adagara ? it's literally smugling. Unless you have all white money and that gold is bought with white.

but india lo land ammithey only 20% will be on paper.