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NRE/NRO acct limits

Chalanachithram.com DB » New TF Industry Related » Archive through January 24, 2019 » NRE/NRO acct limits « Previous Next »
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Uno
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Username: Uno

Post Number: 4472
Registered: 03-2016
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Posted on Wednesday, January 23, 2019 - 09:06 am:       


Telugodu:

Bro, whatbis the process to file FBAR? Is it during tax filing or not related to that? Can u share more details on timing and filing process please? Thx




FBAR is just a reporting requirement, for compliance..nothing to do with taxes or tax calculations
Sort of AML check
 

Andhrawala
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Username: Andhrawala

Post Number: 74555
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Posted From: 152.51.56.1

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Posted on Wednesday, January 23, 2019 - 08:58 am:       


Mano:

I used to file FBAR myself earlier but last 2 years nundi na CPA ne file chesestunnadu as I always take filing extension here every year. I file my taxes in India first and then file my US taxes around July/Aug time





Brother! how does it work?

desam lo pay chesina tax ki ikkada credit isthaadu and aa income will be added to our income and taxed at US rates?

so entha extra pay cheyyalsi osthundhi meeku??
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Mano
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Username: Mano

Post Number: 1307
Registered: 07-2018
Posted From: 173.71.87.188

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Posted on Wednesday, January 23, 2019 - 08:54 am:       


Telugodu:

Bro, whatbis the process to file FBAR? Is it during tax filing or not related to that? Can u share more details on timing and filing process please? Thx


Check this link bro https://bsaefiling.fincen.treas.gov/NoRegFilePDFIndividualFB AR.html

Apr 15th is deadline....if you don't file by then it's an automatic extension of 6 months so Oct 15th is final deadline.

I used to file FBAR myself earlier but last 2 years nundi na CPA ne file chesestunnadu as I always take filing extension here every year. I file my taxes in India first and then file my US taxes around July/Aug time
 

Telugodu
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Username: Telugodu

Post Number: 772
Registered: 06-2014
Posted From: 24.92.135.103

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Posted on Wednesday, January 23, 2019 - 05:02 am:       


Mano:



Bro, whatbis the process to file FBAR? Is it during tax filing or not related to that? Can u share more details on timing and filing process please? Thx
 

Mano
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Username: Mano

Post Number: 1297
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Posted on Tuesday, January 22, 2019 - 04:36 pm:       


Uno:

FBAR does not only mean $10k deposit in bank account


It's not deposit amount... anytime (even for a single second, to clarify Bunty babu statement) if you have a total worth of $10k in banks outside US then you need to report it in FBAR
 

Uno
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Username: Uno

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Posted on Tuesday, January 22, 2019 - 04:24 pm:       


Bunty717:

sure aa.. naaki 1-2 days time undi annatu gurthu.




sure

FBAR does not only mean $10k deposit in bank account

But also applies if you are holding mutual funds,stocks,fixed deposits,bonds and ..even if the value individually is less than $10k, but all aggregate over $10k
 

Sannayi_nokkulu
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Username: Sannayi_nokkulu

Post Number: 33300
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Posted From: 166.216.165.125

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Posted on Tuesday, January 22, 2019 - 04:21 pm:       


Sachin:


leg pulling .....
sachipotava , avineethi ga batukutava okkate option ante alochinchakunda chachipotaa ane type cbn - OT

Mahanati lo keerthy suresh kakunda ravali akka haritha vesi unte telisedhi ra meeku pain kikii -OT
 

Sachin
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Username: Sachin

Post Number: 43693
Registered: 04-2008
Posted From: 108.171.130.163

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Posted on Tuesday, January 22, 2019 - 04:07 pm:       


Sannayi_nokkulu:

db lonemo Bob ni tittatamu....akkademo rajadhaniki itukalu konat tammi....




so far 1$ kooda pettaledu rajadhani lo
 

Bunty717
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Username: Bunty717

Post Number: 58474
Registered: 02-2008
Posted From: 161.185.160.193

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Posted on Tuesday, January 22, 2019 - 04:06 pm:       


Uno:

no..even it is for 1 second..you have to report


sure aa.. naaki 1-2 days time undi annatu gurthu..
 

Uno
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Username: Uno

Post Number: 4470
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Posted on Tuesday, January 22, 2019 - 04:05 pm:       


Bunty717:

adi kuda more than 2days mana accnt lo unte .. same day withdraw cheste avasaram ledu..




no..even it is for 1 second..you have to report
 

Bunty717
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Username: Bunty717

Post Number: 58473
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Posted From: 161.185.161.172

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Posted on Tuesday, January 22, 2019 - 04:03 pm:       


Emc2:

beyond $10k any time you need to file FBAR


adi kuda more than 2days mana accnt lo unte .. same day withdraw cheste avasaram ledu..
 

Jodhaa
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Username: Jodhaa

Post Number: 37949
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Posted From: 165.156.40.24

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Posted on Tuesday, January 22, 2019 - 04:02 pm:       

Mana account lo untey kada idhi cheyyaalsindhi? parents account ki pampisthey no need
 

Emc2
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Username: Emc2

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Posted on Tuesday, January 22, 2019 - 03:59 pm:       

you can send as much as you want

beyond $10k any time you need to file FBAR

It's ok

 

Sannayi_nokkulu
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Username: Sannayi_nokkulu

Post Number: 33299
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Posted on Tuesday, January 22, 2019 - 03:57 pm:       


Sachin:


db lonemo Bob ni tittatamu....akkademo rajadhaniki itukalu konat tammi....
sachipotava , avineethi ga batukutava okkate option ante alochinchakunda chachipotaa ane type cbn - OT

Mahanati lo keerthy suresh kakunda ravali akka haritha vesi unte telisedhi ra meeku pain kikii -OT
 

Rajusk
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Username: Rajusk

Post Number: 68052
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Posted From: 170.74.231.22

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Posted on Tuesday, January 22, 2019 - 03:49 pm:       


Sachin:

FBAR edo file cheyali antarugaa annai...epudoo cheyaledu...adi cheyala ippudu?




if you have more than 10,000 USD at any point during that year..in a bank account in India.

file chesthe ..better kada..there is nothing to hide..
 

Uno
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Username: Uno

Post Number: 4469
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Posted on Tuesday, January 22, 2019 - 03:49 pm:       


Sachin:

ee account lo intha money ne unchaali ani limits emanna unnayaaa?

can I send 20 L to same account?ilaa chetshe headaches emanna untaya?



you can keep unlimited money,as long as they are legal /accounted for
 

Moviebuff001
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Username: Moviebuff001

Post Number: 13246
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Posted From: 165.225.34.116

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Posted on Tuesday, January 22, 2019 - 03:48 pm:       


Sachin:

FBAR edo file cheyali antarugaa annai...epudoo cheyaledu...adi cheyala ippudu?



Yes. Once it reaches over approximately 7 Lakhs in each account.
If you don't want to file, you can transfer 6 lakhs to each account and transfer them out. Rinse and repeat.

_________________________________________________
Your words will tell others what you think. Your actions will tell others what you believe in.
 

Sachin
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Username: Sachin

Post Number: 43692
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Posted From: 108.171.130.163

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Posted on Tuesday, January 22, 2019 - 03:46 pm:       


Rajusk:

bindaas gaa sendochu..there will be no issues..




FBAR edo file cheyali antarugaa annai...epudoo cheyaledu...adi cheyala ippudu?
 

Moviebuff001
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Username: Moviebuff001

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Posted on Tuesday, January 22, 2019 - 03:46 pm:       


Sachin:

ee account lo intha money ne unchaali ani limits emanna unnayaaa?



Naku minimum balance limit undi. 1 lakh both accounts kalipi.
But max limit eppudu choodaledu. Had about 40 lakhs at one time.

_________________________________________________
Your words will tell others what you think. Your actions will tell others what you believe in.
 

Rajusk
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Username: Rajusk

Post Number: 68051
Registered: 02-2008
Posted From: 170.74.231.22

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Posted on Tuesday, January 22, 2019 - 03:45 pm:       


Sachin:

can I send 20 L to same account?ilaa chetshe headaches emanna untaya?




bindaas gaa sendochu..there will be no issues..
 

Sachin
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Username: Sachin

Post Number: 43691
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Posted on Tuesday, January 22, 2019 - 03:43 pm:       

ee account lo intha money ne unchaali ani limits emanna unnayaaa?

can I send 20 L to same account?ilaa chetshe headaches emanna untaya?

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