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Tax Implications to Send Money From India to USA

Many NRIs are confused about the procedure to send money from India to USA and the tax considerations when sending money and the amount of transfer. Indian residents can send money for FERRA approved purposes such as education, gifts and maintenance costs. You can send money through all Indian banks and the transfer of fund should be from the bank in which you hold your account. Depending on the self declared purpose of transfer of funds you will be faced certain upper limits on money transfer. Money transfer can be done through liberalized remittances schemes.

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Minimum Investment in Share Market India

Many NRIs are confused about how to invest in share markets and the procedure to invest in the share markets. Investing money in share markets or at stocks will give you more returns than investing in bank savings account. While investing in share markets you should basically know the definitions of what is stock market, stock exchange and shares. stock market is the aggregation of buyers and sellers. Stock exchange will help to trade their company stocks. A share is also known as stock. Demat account will hold the stocks under your name and trading is created for the purpose of buying and selling shares in stock market.The aggregate income of NRI should not exceed 10% of the paid capital. NRIs cannot sell the shares hey have purchased on the same day, at least they need to wait for two days before selling shares of any company.

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