r2i forum

Thanks okonomi for your detailed reply ! 1. Would like to know in some detail how you adjust tax payments &/or withholdings during the year. Pl consider the only incomes during the year being : Interest from NRO and NRE accounts, Rent from Property in India, Long Term Capital Gains from Mutual Fund ...

Hi Experts - All through this thread the discussion is about NRE accounts. What about NRO accounts or Mutual Funds ?

@Imissindia - I stand corrected on the 'Net worth exceeds $600000' clause. That applies to unrealized gains instead. Read the following article on the topic :

[URL]http://www.isla-offshore.com/second-passport/usa-expats-exit-tax/[/URL]

@Imissindia - The gurus on the forum with give a definitive answer but here are my two pennies for whatever they are worth - 1. The former clause holds i.e. 5 years after registration of OCI with 1 yr residence in India prior, as per Indian Consulate website. 2. Before you renounce USC you would ...

@kkassociate - Typically TDS is not deducted on Long Term Capital Gains in India. How does that need to be handled from the IRS perspective ? How to avoid Double Taxation in that case ?

[INDENT]One of the friends I know (OCI & USC) is thinking in this direction, because of increasingly draconian US Tax Laws which are complicated and easy to miss, and little benefits of retaining USC except Social Security, which in any case might be available to all now, due to near closure of ...

[INDENT]One of the friends I know (OCI & USC) is thinking in this direction, because of increasingly draconian US Tax Laws which are complicated and easy to miss, and little benefits of retaining USC except Social Security, which in any case might be available to all now, due to near closure of ...

[INDENT]@Offwego & back2desh : One of the friends I know (OCI & USC) is thinking in this direction, because of increasingly draconian US Tax Laws which are complicated and easy to miss, and little benefits of retaining USC except Social Security, which in any case might be available to all now, due ...

@Cabo & Ammus : One of the friends I know (OCI & USC) is thinking in this direction, because of increasingly draconian US Tax Laws which are complicated and easy to miss, and little benefits of retaining USC except Social Security, which in any case might be available to all now, due to near closure ...

Thanks Desi ! Does one risk too much if interest income is not reported ? Any instances of action in such cases ? Its a pain paying taxes on your hard earned interest at both places and then applying for tax credit on paid taxes, especially if that is your primary income. I have also read that Tax ...