how to bring lottery money to india,eHow to Bring Money from India to USA. March 17, 2019; Mani Karthik; According to the RBI guidelines, an individual can transfer a maximum of US$2,50,000 from India to another country within one year.
how to bring lottery money to india eIndians cannot visit the foreign country, buy a lottery ticket with their foreign currency. This method is illegal under the FEMA law. If you participate in an international lottery online and win in India, you need to pay 30% income tax on the winnings plus cess. For more information, you can consult a good FEMA lawyer in India. e2. Two Passport size photographs of the prize-winner duly attested by a Gazetted Officer/Notary. 3. A receipt for the prize money in the prescribed form affixing a revenue stamp worth Rs.1/- with full address of the prize-winner(download). eCan international lottery winners bring money to India? The reason behind this question being frequently asked in popular forums is simple - Indians love to travel and they generally happen to end up in the high-class casinos to gather their gambling experience in the international market. If luck favors them, they can easily claim a huge amount of money from … Answer: I guess your question is how to claim your Dubai lottery while you are in India. If this is the case, you can simply email them all the necessary documents proving you are the winner. You will have to furnish your Indian Bank Account details. Once they have verified your documents, they w... After reading income tax rules on web, I understood that if NRI wins lottery in USA, the lottery winnings can be transferred to Indian Bank account legally. If I win lottery in April 2016 and permanently come back to India in Jun 2016, I think I will be considered Resident Indian for financial year 2016-17. eHow to Bring Money from India to USA. March 17, 2019; Mani Karthik; According to the RBI guidelines, an individual can transfer a maximum of US$2,50,000 from India to another country within one year. The high transfer limit may give you an idea that the regulations for bringing money to the US are lenient, although in reality, they are not. In fact, the Liberalized …
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