Search found 7 matches

by desibaba
Tue Sep 06, 2011 1:29 am
Forum: TAT Admin Office
Topic: Post OVDI Process Discussion Thread
Replies: -1
Views: 24

Post OVDI Process Discussion Thread

My check cashed on 2nd Sep. Mailed package on Aug 25th.
by desibaba
Wed Aug 03, 2011 2:21 am
Forum: TAT Admin Office
Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
Replies: -1
Views: 116

Offshore Voluntary Disclosure Initiative or Tax Amends

[QUOTE=kkot;402519]My situation is similar to the posting by Zen. I opened an NRE account in early 2009 and remitted funds to buy property in India, which was done in late 2009. All funds were removed in Jan 2010. In 2010, the additional funds that i transferred were specific to the purchae of the ...
by desibaba
Tue Jul 12, 2011 7:38 am
Forum: TAT Admin Office
Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
Replies: -1
Views: 116

Offshore Voluntary Disclosure Initiative or Tax Amends

Pre clearance is optional though I did get one for me. No harm in getting I guess, in my case it took two days to get it.

My auttorney did mail one ovdi letter for both me and my wife.
by desibaba
Tue Jun 07, 2011 5:32 am
Forum:
Topic: Indian tax filing for interest earned NRO deposits
Replies: -1
Views: 0

Indian tax filing for interest earned NRO deposits

Thanks a lot. Will send an email to initiate tax filing process.
by desibaba
Sat Jun 04, 2011 10:48 pm
Forum:
Topic: Indian tax filing for interest earned NRO deposits
Replies: -1
Views: 0

Indian tax filing for interest earned NRO deposits

Thanks for your input Rajesh. As far as India tax filing is considered, is it a must to provide a form 16 to income tax department or can i just give bank satements alone as a proof? I am not able to get response from the bank for form 16 but i do have all bank satements showing how much tax and ...
by desibaba
Sat Jun 04, 2011 8:16 pm
Forum:
Topic: Indian tax filing for interest earned NRO deposits
Replies: -1
Views: 0

Indian tax filing for interest earned NRO deposits

Thank you Rajesh. It was my understanding tax implications in USA are very hard for Indian mutual funds and FMP's. Please correct me if I am wrong.
by desibaba
Thu Jun 02, 2011 9:43 pm
Forum:
Topic: Indian tax filing for interest earned NRO deposits
Replies: -1
Views: 0

Indian tax filing for interest earned NRO deposits

I am a USC and resident of US as well. I have NRO bank deposits in INDIA earning arroung 20 lanks per year interest income. Tax is decucted almost at 30% and I have a indian PAN card. I want to know do I need to file taxes in India ? If yes, what documents i need from the bank for such filing ...

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