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Telugodu
Junior Artist Username: Telugodu
Post Number: 789 Registered: 06-2014
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, February 23, 2019 - 06:56 am: |
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Ramjirao:
Cool.time undi aythe. Thanks bro ð |
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Ramjirao
Junior Artist Username: Ramjirao
Post Number: 555 Registered: 02-2019
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 11:03 pm: |
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April 15 lopu file cheyyaali FBAR |
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Telugodu
Junior Artist Username: Telugodu
Post Number: 788 Registered: 06-2014
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 10:50 pm: |
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Musafir:
Thanks for the thread bro. Naaku 2018 lo edo oka time more than 7 lakhs undenemo. Ee FbAr eppatilopu file cheyali? |
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Uppu
Hero Username: Uppu
Post Number: 12265 Registered: 11-2007
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 06:28 pm: |
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Sapayiraaja:i do not have NRE/NRO accounts. I have only savings account in India. Do I need to declare?
anything has $10,000 worth anyday of the year, you need to submit |
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Musafir
Junior Artist Username: Musafir
Post Number: 70 Registered: 10-2018
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 06:17 pm: |
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Sapayiraaja:. I have only savings account in India.
If it is "Domestic" local account, the answer is NO.
Mekosam:And i believe whatever interest amount earned you have to pay taxes when declared during taxes ?
Correct. They should issue 1099-int forms for you. Considered as ordinary income and gets added to your Net income. |
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Mekosam
Junior Artist Username: Mekosam
Post Number: 865 Registered: 09-2011
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 05:11 pm: |
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And i believe whatever interest amount earned you have to pay taxes when declared during taxes ? |
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Ramjirao
Junior Artist Username: Ramjirao
Post Number: 553 Registered: 02-2019
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 04:44 pm: |
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If more than 6.87 lakh even for 1 day you need todo fbar |
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Sapayiraaja
Comedian Username: Sapayiraaja
Post Number: 1298 Registered: 07-2013
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 04:30 pm: |
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i do not have NRE/NRO accounts. I have only savings account in India. Do I need to declare? |
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Uppu
Hero Username: Uppu
Post Number: 12264 Registered: 11-2007
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 03:44 pm: |
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Manthri:one doubt, If you have money in Insurance funds/Mutual fund/ PF ..do you need to declare ?
Yes, I do that every year, you need to get insurance surrender value for this year |
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Manthri
Side Hero Username: Manthri
Post Number: 2418 Registered: 02-2013
Rating: N/A Votes: 0 (Vote!) | | Posted on Friday, February 22, 2019 - 03:43 pm: |
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one doubt, If you have money in Insurance funds/Mutual fund/ PF ..do you need to declare ? |
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Musafir
Junior Artist Username: Musafir
Post Number: 69 Registered: 10-2018
Rating:  Votes: 1 (Vote!) | | Posted on Friday, February 22, 2019 - 03:16 pm: |
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https://www.irs.gov/individuals/international-taxpayers/year ly-average-currency-exchange-rates 68.422 For 2018, if your INR balance in NRE or NRO accounts is more than 6,84,220 (6 Lakhs eighty four thousand two hundred and twenty), you need to file FBAR form. You are required to inform IRS that you had such a balance in a foriegn country (India in this case). ***Applies only to NRE/NRO accounts. Dimag math chatna baad mein ki mere mama ke account mein 10 lakh transfer kiya tha, mujhe report karna hai kya bolke. Nahi karna hai. Sirf NRE/NRO accounts. |