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I am planning to transfer money from India to USA. Do I need to pay tax in USA for the money inwardly remitted. If yes, what is the percentage rate?

  • If it is your own money there is no tax moving it across the US border (though there maybe other issues to make clear that this isn't a transfer for illegal purposes).. If it is income from someone else, tax is due. – keshlam Feb 20 '16 at 21:29
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    @keshlam, this is my money and certainly not for illegal purposes. Is there any official reference to confirm what you mentioned? Please let me know. – Chandra Feb 20 '16 at 21:41
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    @Chandra there's no tax on moving money into the US. Official references exist for laws that are on the books. There's no official reference to say that a certain law is not on the books. – littleadv Feb 21 '16 at 0:27

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