r2i forum

I am a USC living in India working for a foreign subsidiary of a US company. I have RSU granted in India in 2008 for a US company listed in Nasdaq. These RSU have been vesting every year (2009 and 2010). In my India Form 16 for fy 2009-2010, the RSU that vested between 1st April 2009 and March 31 ...

Folks Another issue - I had assumed that according to DTAA, long-term capital gains, interest, etc. from US sources would first be taxed in the US and the difference would be taxed in India. For eg. LTCG taxed at 15% in US - taxed at 20% in India - after paying it in the US, one would end up paying ...

[quote=Bobus;36779] Yes, it is double taxation. And since it is US source income, tax credit has to be claimed from GOI not IRS. And since the income is taxed by the two Govts in different years - tough luck. That is why it is advised that people think about these issues prior to R2I, rollover 401(k ...

A few pending questions about the 401K: (a) If one does not have the right to withdraw from the 401K, then it is accepted that accruals are not taxable in India. Why ? If 401K is an unrecognized PF, should the accruals not be taxable in India no matter what ? (b) It seems that the intent for ...

Dear Bobus Thank you for the prompt response. I do appreciate your depth of knowledge and readiness to help. I have a couple of additional queries based on your response: (a) [I]In addition to (ii) above, any US source income for the period Jan 1 2007 to March 31 2007 (not yet declared on a US tax ...

Hi, We r2ied in 2004 and filed taxes in India as RNOR for 2005 and 2006. This year, we have to file as ROR - no problems with our Indian income. The US income has the following components: (a) Bank Interest (b) Dividends from mutual funds (c) Capital gains from mutual funds (d) 401 K - my spouse ...