I have an NRE savings account and a couple of NRE FDs that I've been maintaining while living in Pittsburgh. I know NRE accounts are specifically for non-residents so I'm guessing I need to convert them once I move back but I don't know the process or timeline. Does the interest stop being tax free in India once I return?
I’m an NRI living in the US and earning rental income from rental apartment in India.
Do I still need to file an income tax return in India?
Would appreciate hearing from other NRIs who have dealt with this.
32, on h1b, married, household income around 220k. been maxing 401k. read 10 different reddit posts saying roth IRA is great, then read 5 saying never do roth if you plan to leave the US. confused. should i do backdoor roth or just stick with traditional 401k?
planning my relocation to india from US. some friends say i get 3 years of RNOR, some say 2, my CA in india says it depends. i have 401k, US brokerage and some FDs in india. need to know how long this window is before i become ROR.
What are you doing with your gold ETF holdings?
h1b for 11 years, moving back to my hometown. sold the house, after taxes i have some amout in saving. was about to put it all in FCNR but a friend said do not lock it up yet. RNOR, US estate tax, india investments, everything is confusing. how did you guys handle this?
i moved to the US in 2022 on h1b. i had been doing SIPs in 4-5 indian mutual funds since 2017, never sold anything. now hearing about PFIC and form 8621 for the first time. am i in trouble? do i amend old returns? also confused between MTM, QEF and 1291.