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    tomidsouza's Avatar
    tomidsouza Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 14, 2012, 10:43 PM
    Money transferred overseas
    Do I need to declare or fill any form for the money I transferred from US to overseas (say India, China etc). While filling tax? The amount transferred is between 80-100K in 1 year.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 15, 2012, 04:57 AM
    You do not need to declare the transfer.
    *If it is a gift, you may have to file gift tax return.
    *If you are transferring to your own account, you will have to file Form TD F 90-22.1 and/or 8938 Specified foreign financial assets (SFFA).
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