http://ia.rediff.com/money/2006/oct/31cred2.htm
"Announcing the half-yearly review of Monetary Policy, RBI said resident individuals are free to remit up to $50,000 per year for any current or capital account transaction or a combination of both, as against the earlier limit of $25,000"
Finance and accounting experts, can you please shed some light how this effects us? is it better or doesnt matter?
All views welcome.
rgds,
Hiren
Hiren,
Any chances of changing your Avatar picture based on the performance of our boys under the leadership of this gentleman ?.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
Quote:
Originally posted by shankaracharya
Hiren,
Any chances of changing your Avatar picture based on the performance of our boys under the leadership of this gentleman ?.
We still pay the chunk of tax (40%?) when moving it here so I don't see how it really helps too much.
If this is incorrect, someone please clarify. I'd be glad if this were not true....
Quote:
Originally posted by alexm
We still pay the chunk of tax (40%?) when moving it here so I don't see how it really helps too much.
If this is incorrect, someone please clarify. I'd be glad if this were not true....
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Chandresh
Advice is free – lessons I charge for!!
Quote:
Originally posted by chandresh
Quote:
Originally posted by alexm
We still pay the chunk of tax (40%?) when moving it here so I don't see how it really helps too much.
If this is incorrect, someone please clarify. I'd be glad if this were not true....
Pay tax for transfer of money from overseas to Canada?????
Chandresh
Yeah, that's what I meant. First you have to declare it as worldwide income and allow the Canadian govt to take its cut.
Then you transfer it to Canada. As opposed to spending it outside Canada...perhaps you could get away with not declaring it.
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