r2i forum

Well.. I am sorry if I have posted a wrong question. I posted this question after going through instructions. And instructions say that "Provide the maximum value of the account during the calender year being reported." Real value of the the FD amount increases each month even though you get the ...

How do I handle the fixed deposits while filing TF 90-22.1 for tax year 2009. For example, if I have a FD of Rs. 5,00,000 which I opened in 2009. Maturity date of this FR is sometime in 2010 and the amount at maturity will be Rs 5,50,000. Should I mention the prinicial amount (Rs. 5,00,000) or the ...

I have a question regarding filing [B]TD[/B] F 90-22.1 (filing information on foreign accounts). One has to file this form if the total amount in foreign accounts is more than $10,000 anytime in the year. I have a fixed deposit in India which I opened in 2009 and it will mature in 2010. Should I ...

Thanks so much, Rajesh.

A follow up question - I believe that a USC/OCI resident in India can freely invest in stocks, without the need to go through PIS. Is my understanding correct?

Hello Rajesh,
Thanks so much for your time and helping so many members on this forum!!!

Would appreciate if you could clarify this - Can a Non Resident Indian or a USC/OCI living abroad trade freely in indian shares?

Modest - You say in your post that in your last trip you got your child admitted to DPS. Coulpe of questions:

1. Was it difficult to get admission at DPS?

2. And, did they charge you more fee becuase your kid is USC?

Any guidance will be helpful!!! Please reply...

Thanks for your responses.. even though one doesn't tell people about his/her citizenship status but still your neighbors and friends know it. Reason I asked this question was that whenever I am in India, people do ask me questions on my citizenship status etc. Sometimes, they will talk to me ...

This question is for all the OCI's settled in India - How do you find people's attitude's towards you? Means - do they ask you why you took foreign nationality? Or let's say you are a UK citizen and some people don't like some of the UK policies (immigration, outsourcing etc.), would they discuss ...

Real estate investments seems to be doing better in India than the US. So I am thinking of buying a property in India for investment purposes. But I have also heard that in most of the transactions, cash still is a major component. I believe in paying all due taxes. But how would one pay taxes on ...