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What Happens to My NRE Account When I Return to India?
I have been living in the USA for several years and currently maintain an NRE savings account with an Indian bank. I may return to India permanently next year because...
SSLast reply by
Simran Sehgal
3Replies
Can Salary Earned in India Go Into an NRE Account?
I’m an NRI currently living in the UAE, but I recently started doing some work for an Indian company on a consulting basis. The company will be paying me in...
SKLast reply by
simran keyal
3Replies
Has Anyone Successfully Claimed Foreign Tax Credit in India?
I’m an NRI and have income from both India and the country where I currently live. During the year, I paid tax on some of my foreign income in my...
MLast reply by
Mukul
3Replies
What Foreign Exchange Services Does Indian Bank Offer to NRIs?
I am an NRI living in the UK and currently have an NRO account with Indian Bank. I am trying to understand what foreign exchange services Indian Bank offers to...
TRLast reply by
Tushar Singh Rawat
3Replies
How Do I Report Foreign Assets While Filing an Indian ITR?
I'm an NRI currently living in Australia and preparing to file my Indian Income Tax Return for the first time after spending several months in India during the last financial...
SRLast reply by
S Rama
6Replies
Who is Required to Disclose Foreign Assets in ITR?
The foreign assets in the ITR should be disclosed by the:
Residents, individuals, and HUFs: All taxpayers need to report their information about their foreign assets and income on their...
SLast reply by
Savetaxs
6Replies
What is the importance of Disclose foreign Assets in ITR?
The importance of disclosing Foreign Assets in the ITR is:
More Transparency: providing your foreign assets in the Income Tax returns helps the government to track and maintain all the...
GSLast reply by
Gauri Saxena
4Replies
What are Foreign Assets?
A foreign asset means that if a property of an individual, business, or government is situated in a foreign country. It includes investments, such as bonds, stocks, and real estate,...
DVLast reply by
Deepa Verma
5Replies
What is FATCA?
FATCA (Foreign Account Tax Compliance Act) is a law that aims to prevent tax evasion by U.S. taxpayers who hold financial assets in foreign accounts. The US Internal Revenue Service...
RKLast reply by
Rina Kaur
8Replies
Who is Required to Report Foreign Assets in ITR?
Here are some of the specifics who need to report foreign assets in their Income tax returns:
Indian residents and ordinarily resident individuals need to provide their information on income and...
