r2i forum

Bangalore has the highest Rajni fans it seems..There will be 560 shows on Saturday as per the booking list on Bookmyshow app. Almost every hall is showing Kabaali on Friday/Saturday/Sunday. It happens only in South India!!!! First Kabali show in Bangalore at3 am!!! [URL]http://timesofindia ...

Thanks bearcat!!! If I dont want to report IF NOT mandatory (for my own reasons), can I select NO under FA column in ITR2 since it gives only 2 options?Anyway IT dept will not use this data for RNORs as you suggested. Yes, filing Indian taxes online is more simpler compared to US taxes. However, you ...

Thanks Rajesh!! I am filling the Excel utility (from [URL]https://incometaxindiaefiling.gov.in/portal/individual_huf.do[/URL]) to file my returns. As Kallu asked above, we can only fill YES or NO against FA colum. We cannot enter NA/NOT APPLICABLE as you suggested. Since efiling is mandatory, we ...

i am also in the same boat Any suggestions from experts?? [QUOTE=kallu;463686]I was thinking of filing a paper return so that I could answer "Not Applicable" to the question. However, that doesn't seem possible now that folks with >10L income are required to efile. I am curious to see how other RNOR ...

[QUOTE=hedwig;423899]Hi All - I dont yet have an NRE or NRO account and am in the process of opening one with Karnataka Bank. Till date I transfered money to my folks (bro, parents etc as Gift) via SBI's New York Branch (great rates and its one block from where I work). right now I dont have to ...

[B][SIZE=3]FM allays NRI's fear over Direct Tax Code[/SIZE][/B] [URL]http://economictimes.indiatimes.com/news/economy/finance/fm-allays-nris-fear-over-direct-tax-code/articleshow/7242059.cms[/URL] NEW DELHI: Finance Minister Pranab Mukherjee today allayed apprehensions of non-resident Indians (NRIs ...

[COLOR=blue]Thanks for your patience in your responses. [/COLOR] [QUOTE=Desi;359232]No, it does not matter. For Indian taxes anytime before or on 31st March will count for taxes for the year ending on March 31st. For US taxes, withdrawing after December 31st takes it to next year. Any tax credits in ...

Desi, Thanks for suggesting the investemnt option and funds. It may sound silly to ask following questions. You can ignore if it is too silly to answer. I am not sure wheter my brokerage will date the check before 31st Dec. Since Indian taxation period is from April to March, does it matter if one ...

Thanks again. 30% withholding is only for gains not on distribution I assume. right? Suppose I convert tax exempt amount from roollover IRA to RoTH IRA (by avoiding the tax and penalty) can you please comment on the options to invest from ROTH IRA/Rollover IRA, with the similar risk & growth as if I ...

Thanks for your responses. Can you please elobarate on [B]Indian taxation of ROTH [/B]andabout the options to invest ROTH IRA, if one expects the similar risk & growth if I invested in Indian markets? Is there a risk of 30% withholding when I take the distribution from ROTH IRA say.. after 5 years ...