| Author | Message | ||
     Entikaburlu Side Hero Username: Entikaburlu Post Number: 4543 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
Lets carefully analyze this. This is a major opportunity to lock 9% for a long time. 1) We will get 9.25% or about 6% after tax. This is excellent. 2) Let's put into NRE, so that we have the option to take it in Rupee or USD. 3) When we put into the account, the USD is immediately converted into Rupee. 4) If Rupee further depreciates, we will take a loss, if we convert back to USD. So, we will be stuck in rupees. If this is your long term savings, no issue. But short term, we should be prepared for upto 10% loss. 5) If rupee appreciates,that is, if it goes back to 46/47 range, we will make about 10% on appreciation as well. 6) Finally, institutional risk - make sure we put the money is a big national level bank. I think India does not have FDIC type guarantee. My reading is, India is buying USD aggressively for whatever reason/strategy. Watch the developments carefully. all opinions expressed are mine and only mine. not to be attributed to the other IP address sharers, my employer, or any other human, animal, robot or alien. | ||
| Mamamiya786 Hero Username: Mamamiya786 Post Number: 11050 Registered: 06-2008 Posted From: 24.30.75.114 Rating: N/A |
our inability in taking the tail ender wickets may cost the match. | ||
| Kurrokurru Junior Artist Username: Kurrokurru Post Number: 731 Registered: 01-2008 Posted From: 72.43.252.206 Rating: N/A |
for NRE no need to pay taxes in india ..its only for NRO | ||
| Amigo Junior Artist Username: Amigo Post Number: 590 Registered: 05-2011 Posted From: 144.160.226.53 Rating: N/A |
Ok idhi US lo... how about in india for NRE, do we need to pay any taxes to indian govt? I thought they cut some 30% at source. Will we get that back? | ||
| Moviefan84 Side Hero Username: Moviefan84 Post Number: 5135 Registered: 10-2008 Posted From: 162.138.1.3 Rating: N/A |
an fbar is for any foreign account exceeding $10k. isnt that right? | ||
| Jackson Side Hero Username: Jackson Post Number: 3558 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
NRO ki kattakarledhu ikkada.. NRE ke kattali.. ... | ||
| Moviefan84 Side Hero Username: Moviefan84 Post Number: 5134 Registered: 10-2008 Posted From: 162.138.1.3 Rating: N/A |
enduku levu annaai... ippati varaku NRO (in rupees) fixed deposit ki 9.25 vundindi kada. | ||
| Jackson Side Hero Username: Jackson Post Number: 3554 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
year lo oka roju aina nee NRE account lo 10K+ dollars balance vunte, nuvvu FBAR file cheyyali.. so entha balance(10K+ vunte) ki entha tax kadataavo naaku correct ga teliyadhu mama.. file cheyyali kabatti chestunna.. ... | ||
| Idiot1 Comedian Username: Idiot1 Post Number: 1117 Registered: 07-2008 Posted From: 199.245.32.210 Rating: N/A |
mama ee FBAR rules endi? | ||
| Jackson Side Hero Username: Jackson Post Number: 3541 Registered: 09-2007 Posted From: 171.159.64.10 Rating: N/A |
leka pothe by default intha vundi balance ante veele assume chesukoni vesestaara tax? as per current FBAR rules, if you maintain any single day a balance of more than 10K dollars in NRE account, then you have to file.. so vaalu ee 10K per annum manaki interest entha vostundi anedi oka default value anukoni daaniki tax vestunaara? leka aa balance enni days ki maintain chestunaamu.. aa days ke vestunaara?? very tough calculations.. ee saari watch cheyyali ... | ||
| Jackson Side Hero Username: Jackson Post Number: 3540 Registered: 09-2007 Posted From: 171.159.194.10 Rating: N/A |
makes sense.. so year end NRE statement submit cheyyatam tho paatu online turbo tax lo entha income vochindi from abroad via interest rates anedi cheppali anthena?? ... | ||
| New_user Hero Username: New_user Post Number: 17711 Registered: 02-2008 Posted From: 173.19.28.76 Rating: N/A |
Jackson Aa interest ni nee regular income lo add chesi, aa total amount ki US lo tax kadathavu. Idupula Paya capital ga, Pulivendula country ni declare chesthene, Jagan ki nyayam jaruguthundi. - Next series of brainwash for fans. | ||
| Coolmac Side Hero Username: Coolmac Post Number: 6980 Registered: 05-2007 Posted From: 65.170.103.156 Rating: N/A |
no idea jacky..have to discus | ||
| Jackson Side Hero Username: Jackson Post Number: 3538 Registered: 09-2007 Posted From: 171.159.194.10 Rating: N/A |
ippati varaku antha interest rates levu kadha mama..anduke 15000 ki emi charge cheyyatledhu kaani ila 7% ante sure ga chestaaru.. ... | ||
| Amigo Junior Artist Username: Amigo Post Number: 583 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
Let us we put 15000. That means we get interest ( taking 7% ) of USD 1050. So in US they wont tax us? I would be surprised. | ||
| Jackson Side Hero Username: Jackson Post Number: 3537 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
suppose oka 50K dollars maintain chestunaavu anuko NRE acct lo ante 25 lakhs..then 9% interest vostundi kaani ikkada entha tax kattalo idea vundaa? ... | ||
| Jackson Side Hero Username: Jackson Post Number: 3536 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
nenu cheppedi adhe mama.. NRE accounts lo money pedithe manam ikkada tax kattali... entha kattali ani Amigo mama adigaadu.. 10,000 - 15,000 dollars aithe emi kattakarledhu..just FBAR file cheste chaalu vaalu info kosam.. but antha kanna ekkuva pedithe ikkada entha kattali anedi naaku telidu ... | ||
| Amigo Junior Artist Username: Amigo Post Number: 582 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
Oh I thought it was the other way.....NRO is repatriable. | ||
| Coolmac Side Hero Username: Coolmac Post Number: 6979 Registered: 05-2007 Posted From: 65.170.103.156 Rating: N/A |
ee 9.5% anedhi max interest on the max amount... average ga oka 10lacs edithe 7% istunnaru anukuntunna... but better than the previous 4% interest on NRE deposits | ||
| Basky_indya Megastar Username: Basky_indya Post Number: 29302 Registered: 10-2007 Posted From: 24.127.230.2 Rating: N/A |
confuse authunnaru. NRO ki kattali taxes. NRE accounts are fully exepmted as they are repatriable and they r getting taxed in USA as you have to dislose the deposits since most NRE accounts are also GC or citizens kRUshITHO nAsthee dURbhikSHAM!! JP_ROCKS: ...der unte enchakka andarni giant wheel ekkistadu..girrr mani oogachu.. | ||
| Amigo Junior Artist Username: Amigo Post Number: 581 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
india lo some 30% or so at source cut chesthearu kada...kattakkareldenti? You mean we can get back that amount when we file taxes later? | ||
| Jackson Side Hero Username: Jackson Post Number: 3534 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
general ga 10,000 ki itu aithe assalu file kuda avasaram ledhu..atu aithe kuda emi vundadhu to be frank.. but keeping all ur savings in NRE ante baane kattalsi vostundi entha anedi naaku telidhu.. ... | ||
| Amigo Junior Artist Username: Amigo Post Number: 580 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
entha kattali bro... plus akkada kuda tax attli kada enta? | ||
| Vakkapodi Comedian Username: Vakkapodi Post Number: 1482 Registered: 06-2008 Posted From: 122.169.155.124 Rating: N/A |
guys please advise. I still have my NRE account with icici with couple of Lakhs in it. I plan to keep the account until I move all my dollars from my 401k living in india maintaining NRE account gor long time emanna issues untaya in the future | ||
| Jackson Side Hero Username: Jackson Post Number: 3532 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
savings antha akkada pedithe ikkada kattalsi vostundi (FBAR) ... | ||
| Ustad Side Hero Username: Ustad Post Number: 6985 Registered: 07-2008 Posted From: 76.173.42.79 Rating: N/A |
Wow. This is awesome!!! I am sure most of the NRI's will do FD in India. Fan of Fab 5: Sachin, Rahul, Saurav, Laxman and Kumble. | ||
| Basky_indya Megastar Username: Basky_indya Post Number: 29297 Registered: 10-2007 Posted From: 24.127.230.2 Rating: N/A |
monna evaro adigaru, YES bank safe aa ni. as I told earlier due to recent RBI changes, everybank can give NRE deposits interest de-linked to domestic business and profit, so Punjab national bank, SBI etc today published NRE interest rates 9.25 to 9.75% range for fixed deposit in NRE accounts. earlier ekkuva icche valu kaademo, now they r increased kRUshITHO nAsthee dURbhikSHAM!! JP_ROCKS: ...der unte enchakka andarni giant wheel ekkistadu..girrr mani oogachu.. |
