| Author | Message | ||
Baatasari Side Hero Username: Baatasari Post Number: 3330 Registered: 10-2018 Posted From: 171.161.160.10 Rating: N/A |
from what i know - once you move, you shouldnt hold Savings account in India... need to convert to NRE/O you can open NRE/O and from then on have the assets build up in India through these .. tax filing lo 2 places you need to handle officially.. so my understanding is you are doing it wrong per the rules.. having said that, i have savings acct ( mistake, laziness toh vadilesindi ) that i dont use.. got one opened in Parents behalf and using it to transfer $ etc.. others can confirm.. brahma satyam jagan-mithyä jivo brahmaiva näparah | ||
Megamama Side Hero Username: Megamama Post Number: 2297 Registered: 01-2008 Posted From: 104.139.82.142 Rating: N/A |
remember on the income you generate, typically the intrest you get on savings account..you need to pay tax in india or usa..because savings account lo tax automatic ga deduct avadu...NRPO account ki tax is deducted by default its just you need to declare anthe.. if you are not showing intrest/income either in india or usa..you are a defaulter at the end..ofcourse evadu chusthadu le ani evaru declare cheyyaru..adi vere vishayam...pattu padithe matram thaata teestharu IRS "Opinions are like azzholes. Everybody's got one and everyone thinks everyone else's stinks." | ||
Megamama Side Hero Username: Megamama Post Number: 2296 Registered: 01-2008 Posted From: 104.139.82.142 Rating: N/A |
if you are here for 10 yrs ..you are an NRI typically.. declare that savings account when filing taxes here you will be all good..if not pattubadithe highest amount ki 1.5 times fine plus criminal charges untayi...bhayapettatledu ..info cheptunna else close savings account and open NRE and NRO account and do what ever you want..again declare this in tax filing here.. neeku paisa poyedi em undadu accounts delcare cheyyadam valla unless there is some black money which are aiming to transact.. when you sleep..you can relax peaceful..talk witha good CPA...easy peasy process "Opinions are like azzholes. Everybody's got one and everyone thinks everyone else's stinks." | ||
Sapayiraaja Comedian Username: Sapayiraaja Post Number: 1339 Registered: 07-2013 Posted From: 12.177.226.23 Rating: N/A |
US ki vachi almost 10 years ayindi. Ippatiki NRE/NRI account ledu. India dabbulu pampaali ante, naa akkadi savings account ki pampi, akkadi nundi transfer kodathaa. Idemanna problem aaa. Ippudu life lo first time, home loan teesukundaamanukuntunna India lo. process enti. So far , naaku only ICICI lo savings account maatrame undi. |