r2i forum

Looking at various posts, I understand that for a USC/GC living in India, investing in Indian Mutula funds may not be a good option because of US PFIC rules. But can I invest in bonds (issued by Rural Electirifcation Corp or NABARD) or National Savings Certificate (offered by post office). I hope ...

Rajesh, A follow up question - you say that for company deposits "[COLOR=#0000ff]Such balance in NRO account should not have been created out of transfer from Non-Resident External (NRE) / Foreign Currency Non Resident (FCNR) account or forex remittance from abroad."[/COLOR] [COLOR=black]So I ...

[COLOR=black]Dr. Mr. Rajesh Dhruva,[/COLOR] [COLOR=black]In one of your posts, you mention that "NRIs / PIOs can invest in deposits of Indian Companies only on non-repatriation basis".[/COLOR] [COLOR=black] [/COLOR] [COLOR=black]M quesion is - if an NRI deposits the money (principal plus interest ...

An OCI living in India can't apply for NRI loans as he/she is not an NRI.

I am sure OCIs settled in India have bought properties in India and some must have taken loans. Can anybody share their experience?

Can a USC/OCI residing in India apply for a home loan similar to an Indian citizen living in India? Or there are additional formalities an OCI has to go through?

I looked at some of the bank's sites and couldn't find an answer...

I am trying to figure out how to handle the issue of different tax years in India and US? A couple of questions - 1. When I am calculating the interest income from India, I am not sure how to calculate from January to December (which is the tax year in the US). 2.How would I take credit for taxes ...

Rajesh, I have a question on transfer of mutual funds to a nominee... For example, person X holds some investment in a mutual fund and assigns a nominee for that investment. In the event of demise of person X, proceeds will go to the nominee. My question is - does the nominee get the proceeds after ...

Hello,
What is the rule on SS taxes withholding for a USC working in India for an Indian subsidiary of a US company?

I tried to get information from IRS site but it was not very clear...

Any responses will be helpful.

Thanks.

Good luck, Rmandy !!!!

What field are you in?

And, did you and your wife take USC or you are moving back on GC?

Hello All, For the USCs living in India, one more thing to consider now with the new Health Care bill passed in the US.... It seems that buying Health Insurance is going to be complusory for everyone. Otherwise, there will be a penalty. Just trying to find out if USCs living abroad are exempt from ...