I am relocating back to India from US(H1B)…thinking of opening IBKR account and move brokerage account to it from Wells Fargo.
Any difference if I open from US address or India? In terms of investment options/customer service or taxation?
I am relocating back to India from US(H1B)…thinking of opening IBKR account and move brokerage account to it from Wells Fargo.
Any difference if I open from US address or India? In terms of investment options/customer service or taxation?
Returning NRI here, was in RNOR and now in ROR from FY 24-25.
Since it was the first year in ROR showed all Global assets, paid huge capital gain taxes as well despite super complicated conversion rate monthly variance, different st/ltcg timelines vs US
Still got the notice asking to submit response by 8 July 26- but it doesn’t ask any specific details
I am not clear what to show? I’ve been reading Reddit thread, some say just ack and wait and some say don’t overshow info as it can go down a rabbit hole.
Can any CA here expert in scrutiny cases with returning NRIs advice?
I am dreading my decision to move back to India but that’s for another day
Returning NRI here, was in RNOR and now in ROR from FY 24-25.
Since it was the first year in ROR showed all Global assets, paid huge capital gain taxes as well despite super complicated conversion rate monthly variance, different st/ltcg timelines vs US
Still got the notice asking to submit response by 8 July 26- but it doesn’t ask any specific details
I am not clear what to show? I’ve been reading Reddit thread, some say just ack and wait and some say don’t overshow info as it can go down a rabbit hole. Can any CA hear expert in scrutiny cases with returning NRIs advice?
I am dreading my decision to move back to India but that’s for another day