r2i forum

I am planning to buy a house next summer. Can my parents in India who are Indian citizens with no GC contribute some money towards the downpayment of the house? do they have to give me a gift first ? or can they pay the seller directly via Demand draft/check or whatever format is acceptable? I am a ...

[QUOTE=delhir2i;425196]Hi Happymister, How was the response when you applied for other openings ? Did you get responses on your applications given that you are a USC but applying from India ?[/QUOTE] Frankly, didn't get any responses. but I am not sure how much of that was due to the fact that I was ...

I can go one step further. my friend was born in US while parents were in the US in the 60s, he studied at JEE and later when he applied to the US, thats when he even realized that he was a USC ;-) he went to US to get his PHD, worked for a decade plus - and then R2I'ed a few years back ;-) back to ...

[QUOTE=sunnyr;424618]Happymister, Good luck with your R2A. Can you share more on how do you plan to return to Bay area in term of jobs- did you get a job from here or you are planning to first go there and then find a job first and later call your family. If you have kids how do you plan to move ...

[QUOTE=river98;424449]Good luck Happymister - Have you figured out what you'd do there ? or are you planning to look after getting there? Interested in knowing how you are going about your job search ... thx[/QUOTE]

I was lucky - I took an internal job transfer.

I am in the process of R2A myself. been in India for 5.5 years and so I can comfortably say that I gave my best shot to R2I. I am a USC - so no compulsions of retaining GC etc. However, after being in both countries, I just felt that I am not enjoying my day-2-day life in India even though I am ...

over the last 3 years, there has been a deluge of FMPs in the market. However, the FMPs never declare their returns. The distributors always claim that most of them give almost FD rate of returns but the tax treatment on FMPs is favorable for salaried people as it is not added to income as done in ...

[QUOTE=kakinada;377912]I am USC working in India. I am wondering whether to move the entire US assets to India. I probably do not need a portion of the US assets for another 5 years if the current conditions prevail. I am wondering on the wisdom of keeping the US assets in equity in US. The Indian ...

In this case, it was a HDFC liquid fund - and they deducted 33% TDS since the money was linked to my repatriable amount. I understand that I have to file tax returns and get the refund back based on income earned in India - NRE accounts and NRO accounts put together - all accounts using the same PAN ...

I *think* I found the hard way the answer to this question - If I have an NRE account, should I invest in growth or dividend option in any MF. when my distributor (bank relationship manager) messed up my investments as a single holder instead of joint holder - the bank informed me, *incorrectly ...