| Author | Message | ||
Shivavishnu Side Hero Username: Shivavishnu Post Number: 2790 Registered: 10-2010 Posted From: 73.110.240.109 Rating: N/A |
20 years back start chesina 10L insurance policy is maturing very soon.. naa peru meeda vundi I have no bank account in India.. dabbu US elaa tecchukovaali? India and US Tax implications enti?// 10L neeku ikkada peanuts anukutunna, buy a agri land in your village, alaa padi untundhi. otherwise yevvadanna friend akkada rupees theesukoni ikkada dollars istaademo choodu. Om Namah Shivaya.....Om Namo Narayanaaaya.... | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10076 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
Other option is immediately transfer the policy to your parent's name. when it matures they can gift it to you. since they are not US residents they need not pay gift tax. India will not tax on the insurance maturity amounts. | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10075 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
Foreign policies meeda kaadu. Prathodu idi maa desam lo insurance policy anichepthadu appudu. even salary ni kooda | ||
Guru Hero Username: Guru Post Number: 12514 Registered: 05-2009 Posted From: 98.109.52.112 Rating: N/A |
Maa cpa kurrod insurance maturity amount no taxable ani cheppad mari | ||
Rajusk Legend Username: Rajusk Post Number: 63334 Registered: 02-2008 Posted From: 170.74.248.20 Rating: N/A |
naaku telisi if you report this to (eye are yes)..then they will calculate PFIC taxes on this amount.. | ||
Sasibabu Legend Username: Sasibabu Post Number: 58844 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
10L policy kabatti..... ippudu neeku vache amount 19L approx vuntundhi....andhulo around 10L nuvvu katti vuntaav ....so around 9L ki tax kattali in US | ||
Sasibabu Legend Username: Sasibabu Post Number: 58843 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
sorry around 50K katti vuntaav per year | ||
Sasibabu Legend Username: Sasibabu Post Number: 58842 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
every year around 20K katti vuntaav jee ....if it is 10L policy for 20 years | ||
Sasibabu Legend Username: Sasibabu Post Number: 58841 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
every year premium vuntundhigaa....you will get that in the account | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 6071 Registered: 03-2014 Posted From: 129.135.1.217 Rating: N/A |
>> Wellsfargo: Nuvvu Kattina amount teesesi 20 years lo entha kattaaamo elaa thelustundi? | ||
Sachin Legend Username: Sachin Post Number: 43296 Registered: 04-2008 Posted From: 108.171.130.163 Rating: N/A |
odemma maturity money meeda US tax katttaaalaaa? | ||
Sasibabu Legend Username: Sasibabu Post Number: 58840 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
Bajaj Allianz* | ||
Rajusk Legend Username: Rajusk Post Number: 63333 Registered: 02-2008 Posted From: 170.74.248.20 Rating: N/A |
India is signatory to FATCA.. galthi se mistake..mee name in records in Franklin and in vomerica IRS same aithe..zara risk aithe undi..in case they try to find out.. moosesi manchi pani chesaru.. | ||
Sasibabu Legend Username: Sasibabu Post Number: 58839 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
NRO account vundhi SBI lo kaadhu...IOB lo ....SBI lo vundhi mutual fund | ||
Sasibabu Legend Username: Sasibabu Post Number: 58838 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
mutual funds..... mugguru mutual funds....SBI, Fraklin and Bajaj templeton....mugguru adhe maata chepparu | ||
Gotcha Legend Username: Gotcha Post Number: 30039 Registered: 02-2008 Posted From: 172.87.56.134 Rating: N/A |
sbi lo u can't have both nri and local account. system will prevent it. happy ga tadigadapa lo Andhra Bank undi akkada apply chesuko local account. managerneeku special drinks tepinchi mari accounts open cheyistadu ... | ||
Sasibabu Legend Username: Sasibabu Post Number: 58837 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
you are right....but NRO accounts loki reimbursements ante chaalaa process chepparu....manaki antha time ledhu aa process antha avvataaniki ....andhuke savings accounts theesukuni reimburse application petti vachaa | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10074 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
nee policy vaadiki telisi undadu ela cheyyalo. | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10073 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
India lo Insurance money, US lo taxable ee. | ||
Gotcha Legend Username: Gotcha Post Number: 30038 Registered: 02-2008 Posted From: 172.87.56.134 Rating: N/A |
IRS vadu insurance money malli tax eyadu ade whole life policy kada. u will be taxed only once when you get ur salsary and paid then. ... | ||
Sasibabu Legend Username: Sasibabu Post Number: 58836 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
yes, we are not....but influence vupayoginchi cheyinchukovalsi vachindhi jee SBI lo NRO accounts loki reimbursements ...NNNNNOoooooo annaru | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10072 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
NRO loki mathrame cheyyali. savings bank account loki chesthe ne issue. you should hold a savings bank account if you are an NRI | ||
Andhrawala Legend Username: Andhrawala Post Number: 68826 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
NRO account is normal savings account for NRIs. It is a rupee account we are not eleigible to open regular account No Signature | ||
Andhrawala Legend Username: Andhrawala Post Number: 68825 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Insurance money is not taxable AFAIK No Signature | ||
Sasibabu Legend Username: Sasibabu Post Number: 58835 Registered: 11-2009 Posted From: 192.131.85.210 Rating: N/A |
NRO account loki matured policy reimbursement pedda thalakaaya noppi ...... naaku monna few mutual funds reimbursal ki applications isthe NRO accounts loki reimburse cheyanannaru ....so final gaa savings account open cheyinchi andhuloki withdrawal petti vachaa | ||
Wellsfargo Hero Username: Wellsfargo Post Number: 10071 Registered: 06-2012 Posted From: 183.83.222.33 Rating: N/A |
step 1: NRO account open cheyyi. Danilo ki transfer cheyya mani cheppu Insurance vaadini. step 2: Nuvvu Kattina amount teesesi, vacchina money enthaithe dani meeda US lo tax kattali assuming it is tax free in India. Step 3: Migilina dabbulu nee NRO account lo unnayi kabatti next time mee family lo evaraina travel chesthunte valla tho parts gaa teppinchuko. 15k$ ee kada. Leka pothe Bank vaadi deggara application pettu that you want to transfer your proceeds back to US as you are a US resident. | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 6070 Registered: 03-2014 Posted From: 129.135.1.217 Rating: N/A |
20 years back start chesina 10L insurance policy is maturing very soon.. naa peru meeda vundi I have no bank account in India.. dabbu US elaa tecchukovaali? India and US Tax implications enti? |