r2i forum

I know that property tax and interest paid (for an apt purchased in India) can be deducted, but is the registration stamp duty also deductible?

Thanks for the feedback ... yes, I understand the difference between the two options.

My folks won't be needing the pre-existing coverage (touch wood) ... and the fixed coverage appears to meet their needs.

I've looked at fixed vs comprehensive insurance coverage and have narrowed it down to:

Fixed coverage:

Inbound USA
kvrao

Comprehensive coverage:

Patriot America

Would like to hear any thoughts/opinions if you've used any of the above insurance companies and your experiences.

This is my share of the moolah from Modi's IPL :p Seriously, the question re: scrutiny was because I don't want my parents to end up spending time/effort in answering/clarifying questions. As you can tell, I have not done this before ... hence the queries. [QUOTE=Desi;287184]I presume you are ...

I am looking to transfer $10k to my parents over the next 6 months in 3-4 tranches. Is there a dollar amount beyond which any money transferred to India might additional scrutiny by the powers that be? This money is for their personal use.

This is for a friend who has been living in the US for the past 3 years and is here on a H1 visa. His car loan application (at Bank of America) was denied ... they told him he needs to be either a citizen or have a permanent residency number to apply for the auto loan. I thought this was an odd ...

Odd ... so the guy forgot how cricket is played once he set foot in the US? :confused: [QUOTE=dbs;165176] He instead asked him about the cricket. The response was that it was the first channel that he switched on but the guys were playing in a funny fashion. They would hit the ball and then throw ...

Has anybody experienced these problems: - Takes multiple attempts before the call is connected (to a landline in India) - I never hear the phone ringing before they pick up the phone (tried several numbers in different cities ... all have the same problem). This isn't a big deal, but is ...

Thanks for the link. In reading through that, it looks like quite a folks have been able to claim the interest exemption (see the replies starting from [URL="http://www.r2iclubforums.com/forums/showthread.php/461-US-Tax-withholding-for-interest-payment-on-loans-obtained-in-India?p=145045#post145045 ...

I've just about finalized the purchase of an apartment in Chennai ... and wanted to see if I can claim an exemption for the interest payments when I file my taxes in April 2011. Will the bank (HDFC) give me a 1098 similar to what we get from the US banks?

Cheers!