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by kaytown
Mon Feb 12, 2007 10:02 am
Forum: TAT Admin Office
Topic: US Tax implication Indian LIC receipt
Replies: -1
Views: 93

US Tax implication Indian LIC receipt

Hello,

If I pay the premium of LIC Plan through NRE Account every year and at the end matured time, I am aware that funds can be repatriated. My Question is, Are those funds are tax free in USA or should we pay taxes?

Thanks

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