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Transfer of money €800,000 from India to Germany
Posted on 19.08.2009 16:04
Transfer of money €800,000 from India to Germany
I would like to purchase a house in Germany but unfortunately with my savings here it is not possible.In India i have crores worth of ancestral property of which if i sell some part can get a nice house here.
Now my question is after selling some property in India how can i transfer the money here,if i pay tax to Indian and German government then i am left with nothing.What would be the best way to get the money to Germany approx € 800,000.
raj2001
Member since 10.06.2008
Posted on 26.08.2009 14:25
Re: Transfer of money €800,000 from India to Germany
A simple bloody question asked, how a chap can get his millions here for investments, but some bunch of losers loose the track and start playing foul as they 've got nothing constructive to do.
If some cant control on their emotions (or complexes) why does everybody need to take a dive in and fry out the whole thing up?
Cut the crap guys and use the forum in an articulate and respectful manner.
VAH
vah
Member since 28.12.2004
Posted on 26.08.2009 14:43
Re: Transfer of money €800,000 from India to Germany
hi friends,
I watched this discussion all the time and at some points I thought of deleting the whole topic, but I did not because it started with a real question and among many, many replies there are some useful, regarding the question.
I do not comment the rest, but I ask you to stop it here at this point.
It is enough, ok?
All the best to all of you 
Detlef
trust7
Member since 23.09.2004
Posted on 03.09.2009 06:03
Re: Transfer of money €800,000 from India to Germany
Have not we heard enough of Mr Madoff and his ponzi scheme.
p_tuladhar41
Member since 17.11.2003
Posted on 16.09.2009 14:13
Re: Transfer of money €800,000 from India to Germany
I think the original question was left unanswered.
I think selling a NRI your prpoerty and getting paid in an offshore account is the best option.
Other wise you have to pay two time taxes.
havehope
Member since 23.07.2004
Posted on 27.07.2011 11:57
Re: Transfer of money €800,000 from India to Germany
Hi raj2001,
Were you able to transfer the money from India to Germany?? if so please share your experiences. Now i am in the same boat as you were.
Thanks
Deepak
deepak_bansal
Member since 09.03.2004
Posted on 29.07.2011 10:03
Re: Transfer of money €800,000 from India to Germany
Are you sure you wanna do that? that money will be eaten by german's taxes and bureoucracy.
mrkermit
Member since 12.08.2010
Posted on 01.08.2011 11:42
Re: Transfer of money €800,000 from India to Germany
Hi mrkermit,
I am fine in paying the taxes to German govt, instead of paying money to land grabbers in India.
Deepak
deepak_bansal
Member since 09.03.2004
Posted on 01.08.2011 11:49
Re: Transfer of money €800,000 from India to Germany
Hi,
You dont have to pay taxes in both the country.
India and Germany runs double tax treaty which
ensure that you pay tax only in one of the country.
So if you transfer tax paid money from India to Germany, they cannot tax it further, but important is that
you declare it as a income and pay tax in india.
This is not a legal advise, please take a suggestion from tax advisor.
punar80
Member since 28.07.2010
Posted on 01.08.2011 15:52
Re: Transfer of money €800,000 from India to Germany
lol interesting answer. yes you are right it might be better to give the taxes to the germans instead of giving them to corrupt officials in some of our native countries. what I was pointing out tho was that the taxes might be far higher in germany (not 100%) but maybe you can check on that.
mrkermit
Member since 12.08.2010
