r2i forum

This is the 1st time I would have to pay taxes in India.

What is the tax year in India? Is it same as US?
When do I need to efile the tax return every year?

Thanks.

Rajesh,

Thanks for your response.

Is the 10 months advance of the rental income
repatriable? There is no tax deducted at the source for this
amount. Does that make it not repatriable?

Thanks,

[COLOR=Blue]RAJESH, [/COLOR]Thanks for your response. I would like some details on the documentation. [COLOR=Blue] 01 Appropriate application in specified form. <<Not sure what this is>> .02 CA certificate in presribed form. [/COLOR][COLOR=Blue] <<Not sure what this is>> [/COLOR][COLOR=Blue] .03 ...

How do you compare the NRE and NRO account? Which one is better? (taxes on NRO dividends and no taxes for NRE, but may be the interest rates are higher for NRO ) What is the interest rate for NRE? Does NRE account support FD? How does this compare with keeping the money in NRO in some fixed deposit ...

Is the rental income from a property bought using money from NRE A/C repatriable? Tax for the rental income would be deducted at the source by the company with which lease is signed. What is the process to repatriate the money from NRO A/C ( if allowed) Any documentation required? Is there a limit ...

Thanks for your response.

Are US Citizens eligible for applying for a PAN card?

I have a few questions on taxes on rental income in India. If you are a US citizen and have rental income in India, 1. Do you need to get a PAN card? Any advantage/disadvantage of a PAN card? Can the rental property itself be the address proof? 2. I heard that the company leasing the property will ...

We took home loan from HSBC 2 years ago and the whole process was pretty smooth. We took a fixed rate loan ( even though they pushed us hard to take a variable rate). I think the interest rate was 8.5% The conditions are, if we pay back the full amount, there will be a penalty. But every year, we ...