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Saint
Side Hero Username: Saint
Post Number: 7683 Registered: 01-2011 Posted From: 65.248.129.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 04:21 pm: |
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Saint:naku india lo savings account above 5L cash vundi...monna june 30 ki fabar ki mav edo lnk edithe print out teesi pampaa....interest emi include seyyaledu ee year returns lo etanna problem aa
to be specific ..aa account details anni andulo mention chesaaa |
   
Saint
Side Hero Username: Saint
Post Number: 7682 Registered: 01-2011 Posted From: 65.248.129.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 04:20 pm: |
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naku india lo savings account above 5L cash vundi...monna june 30 ki fabar ki mav edo lnk edithe print out teesi pampaa....interest emi include seyyaledu ee year returns lo etanna problem aa |
   
Emc2
Side Hero Username: Emc2
Post Number: 8091 Registered: 03-2008 Posted From: 199.107.16.132
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 04:16 pm: |
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Trueleader:
if the FD's are in your name then you have to pay taxes,or as long as those are not NRI accounts and in case eye are ess comes behind you some reason and they cannot relate those accounts to you then you are fine,you don't have to worry.. cherapakura chedevu.
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Gotcha
Side Hero Username: Gotcha
Post Number: 9082 Registered: 02-2008 Posted From: 64.134.162.105
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 03:15 pm: |
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U pay interest to IRS, u dont pay to indian govt This real estate is for sale. |
   
Trueleader
Side Hero Username: Trueleader
Post Number: 3692 Registered: 09-2009 Posted From: 208.68.246.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:50 pm: |
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Emc2:
If i send money 50 lakhs to my indian account and deposit for FD monthly interest.......For interest profit i should report that to Indian Govt and pay taxes or should i report in FBAR and pay taxes to IRS? |
   
Gotcha
Side Hero Username: Gotcha
Post Number: 9081 Registered: 02-2008 Posted From: 64.134.162.105
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:37 pm: |
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If u have siblings dont send it to ur dad account This real estate is for sale. |
   
Emc2
Side Hero Username: Emc2
Post Number: 8090 Registered: 03-2008 Posted From: 199.107.16.132
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:30 pm: |
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Trueleader:
yes you have to do it, any given point of time if you have more than $10k in you foreign bank account you have to file for it. if you want to avoid filing FBAR transfer your money 10 to 11 times.. with draw immediately each time when you send your money..so you don't have to file FBAR.. cherapakura chedevu.
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Moviefan84
Side Hero Username: Moviefan84
Post Number: 5880 Registered: 10-2008 Posted From: 150.148.0.65
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:26 pm: |
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Trueleader:So if i send 50 lakhs to my INDIA bank account( Joint account my father +mine)......my father can withdraw and buy land there......but i should report in FABR ??
maaku already vunna doubtlu chaalu.. nuvvu ippudu kottha doubtlu create cheyyakammaa.. (venky style lo ..) |
   
Trueleader
Side Hero Username: Trueleader
Post Number: 3690 Registered: 09-2009 Posted From: 208.68.246.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:18 pm: |
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Maverick:ila cheyakoodadu ani unda
yes...according to my Indian CPA |
   
Ustad
Hero Username: Ustad
Post Number: 10466 Registered: 07-2008 Posted From: 76.173.42.79
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:11 pm: |
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Trueleader:mana USA lo vundi kuda India lo Agriculture land or site konavachu kada
Commercial/residential plot/Apt/House - Yes. Agri land - No. Fan of Fab 5: Sachin, Rahul, Saurav, Laxman and Kumble.
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Maverick
Legend Username: Maverick
Post Number: 39616 Registered: 01-2008 Posted From: 70.39.231.164
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:05 pm: |
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>>Can he buy on my name i dont think this will be a problem..ee power of attorney/signatures head ache tappa..cash from ur account only anna rule emi ledu kada..he can inturn gift it to u?ila cheyakoodadu ani unda Who is this DB member? |
   
Xxx
Side Hero Username: Xxx
Post Number: 2988 Registered: 04-2009 Posted From: 166.82.172.153
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:04 pm: |
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Trueleader:Can he buy on my name
he cannot buy on your name .. he will buy on his name and eventually he will pass it on to you denmark lo ilantidhi jarigi unte nuvvu help sesthavu ante nenu namma...ye pak/bangla nunchi vacchanu ani seppesi dobbese vadivi...Hater |
   
Trueleader
Side Hero Username: Trueleader
Post Number: 3689 Registered: 09-2009 Posted From: 208.68.246.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:02 pm: |
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Good:If you are a citizen of US, you can't buy agriculture lands in India
I am not USC
Maverick:i do this to avoid confusion..aslong as its not in ur name, u dont have to report fabar
But india lo ami problem vundadha......if i send money on fathers name.....he can buy property on his name....right ? Can he buy on my name |
   
Gotcha
Side Hero Username: Gotcha
Post Number: 9080 Registered: 02-2008 Posted From: 64.134.162.105
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 02:01 pm: |
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U cant bring that money back if you send it to ur dad, better send it to your account only This real estate is for sale. |
   
Good
Junior Artist Username: Good
Post Number: 765 Registered: 10-2011 Posted From: 198.204.133.208
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 01:58 pm: |
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If you are a citizen of US, you can't buy agriculture lands in India |
   
Maverick
Legend Username: Maverick
Post Number: 39615 Registered: 01-2008 Posted From: 70.39.231.164
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 01:58 pm: |
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>>should i send 50 lakhs directly to my father Individual account as Gift... i do this to avoid confusion..aslong as its not in ur name, u dont have to report fabar Who is this DB member? |
   
Trueleader
Side Hero Username: Trueleader
Post Number: 3688 Registered: 09-2009 Posted From: 208.68.246.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 01:57 pm: |
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Report of Foreign Bank and Financial Accounts (FBAR) |
   
Trueleader
Side Hero Username: Trueleader
Post Number: 3687 Registered: 09-2009 Posted From: 208.68.246.250
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, July 18, 2012 - 01:56 pm: |
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I want to buy property of 50 lakhs in INDIA on my name. mana USA lo vundi kuda India lo Agriculture land or site konavachu kada....i heard our parents can register on our name though we are in usa So if i send 50 lakhs to my INDIA bank account( Joint account my father +mine)......my father can withdraw and buy land there......but i should report in FABR ?? or should i send 50 lakhs directly to my father Individual account as Gift....he can property on my name ? which one is better ? Please clarify |