r2i forum

I read somewhere that when you remove your funds from 401K or IRA, the TDS is about 20%, so you will get check for only 80%. Incase your tax bracket is less than 20%, then IRS would return the extra tax you paid. Who cuts the 10% penalty , is it at TDS which is included in the 20%. So lets say if ...

RRK Points well taken. So you guys think, that I should admit my mistake and pull out now instead of holding onto this for the next 20 years. What are the consequences of pulling out now. I think I will get back only 30% of what I have invested so far. I got some bonus over the years, so will they ...

Dear Experts, I got sucked into the Jeevan Anand 5 years ago. Just like the example I have taken 25L for 25Years. Not to mention I was not that clear financially what steps to take and sucked by a LIC friend in Desh. But now when I think, it might be a good deal. Am I overlooking something or just ...

[quote=blrbound;34293]Some follow up questions. I read the article by RRK about "Taking advantage of non working spouse" and I have some comments or question on that. I understand that being USCs we have to file jointly while filing US taxes, but in India, we can file individually. so my question is ...

BUMMER !!! Looks like we cannot open an account on non working spouse name and take tax advantage. But one thing I dont understand is if a spouse stops working after R2I and he/she transfers money from US bank to India account, is it OK to file taxes seperately and take tax advantage. But then how ...

All my questions reg non working spouse are answered in the following thread. [url]http://www.r2iclubforums.com/clubvb/showthread.php?t=2204[/url] BUMMER !!! Looks like we cannot open an account on non working spouse name and take tax advantage. But one thing I dont understand is if a spouse stops ...

Some follow up questions. I read the article by RRK about "Taking advantage of non working spouse" and I have some comments or question on that. I understand that being USCs we have to file jointly while filing US taxes, but in India, we can file individually. so my question is, If I break up my AAP ...

[QUOTE=Desi;30948]Not really. Once the status is ROR, India will tax on global income. An RNOR is taxed only on income sourced from India. But an ROR will have to pay taxes on global income. So the income in the list you provided above will be taxed under various heads of income in India. After the ...

Desi,

Thank you very much, I also calculated it as zero but was wondering could it be. Thats good news. So a limited investment in US could result in zero taxes.
Lets get the whole picture from INDIA point of view too before I put the smiley face.

Thanks a bunch.

Hello Folks, Can we discuss a hypothetical situation and see what the tax consequences are in each country. I know some experts here gives an overall picture and leave the details to the confused wouldbe R2Iers. But to some dumb pple like me it would enlighten when I see some numbers. I saw a ...