What is the permisable amounts of US Currency a landed Immigrant can bring back from his visit to India per person?
Any amount but if it is greater than 10 K Cdn or 10k US you will have to declare it at the customs. Thats all but you can bring it in
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We will find a way or we will make one
So if you declare, are you taxed for the amount over 10K. How does it work.?
What is the best option for me to bring over 100k from India.
No taxes on money that you get in
They just want you to declare so that they can be sure that it is not "DRUG MONEY" going in and out of the border
100K , you can transfer through a bank draft. No big deal . Just declare it at the customs
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We will find a way or we will make one
thanks for the information smiley. Pardon my ignorance how do you get over 100k US dollars drafts from India.
As an immigrant you can legally transfer USD 100,000 per family member..If you are disposing your assets you can legally transfer 1 million dollars...normally if a bank is involved in the transfer, it will be thru a draft...
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