Either give advice or leave him/her be. Don't have to act like a a jerk without understanding the problem..Sorry, no empathy from me. You can always transfer the money to the US. They become US dollars and you can invest as you please. You won't do it. You want to cut and eat your cake. Indian government rightly refuses to pander to folks like you.
You can't just transfer the money willy nilly without getting certified from a CA that either taxes are paid or they are exempt. OP is right. And.. no sane CA will sign any document certifying exactly that without proof.
Op could just invest money locally ultimately pay taxes and repatriate it. OP should talk to an experienced CA.
Statistics: Posted by logiclife — Fri May 31, 2024 1:08 am — Replies 20 — Views 2329