r2i forum

My father is a citizen of India. My daughter is a US citizen. My father wants to fund his grand daughter's upcoming college fees. Will there be any tax impact or penalty for Indian colleges? What about for US colleges?

Thanks for advice!

I am confused about the connection between FATCA and PFIC. Many popular Indian Mutual Fund houses are complying with FATCA and asking their investors to identify themselves if they're US tax residents. Does this mean these Mutual Funds are no longer considered PFIC and that R2I'ed USCs can now ...

Did anyone encounter this situation and manage to get their IDL? Please advise....

Are R2I'ed USC's allowed to buy these IDFC bonds for saving Indian taxes? Are there any implications from the perspective of US taxes? Please advise.

Please advise if R2I'ed USC is allowed to open and operate an Indian Demat account. Is a USC allowed to trade Indian stocks, mutual funds and bonds?

Hello, I have an investment account with Scottrade. When I R2I'ed last year, Scottrade said they don't support non-US addresses. I just tried creating an account in Vanguard (online), but faced the same problem. I am looking for a company that supports Indian address so I can operate it from here ...

I ride a motorbike to work and the smog from buses and auto rickshaws gets really unbearable in the evenings. Do you know of a shop in Pune that sells smog/pollution masks? I am looking for something better than the cloth ones available in medical shops.

Thanks for all the advice. As suggested, I have posted my questions in Rajesh's forum.

Moderator: Please let me know if this is considered double-posting and if I should delete one of them.

<Apologies for double-posting: I posted these questions in Indian Taxes forum and was told to ask Rajesh for accurate answers> Hi Rajesh, can you please take some time to answer my questions? I lived in the US for 15 years. I R2I'ed in August 2009 as an employee of a US company and earned wages from ...

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Thanks for the response. I wasn't aware of Rajesh's Forum.

Length of US stay is 15 years. Any help answering my questions will be greatly appreciated.