Non residents having income from salary in India are generally required to file their return in ITR Form 2. However, we need to thoroughly check all the different sources of income and then can decide which ITR form will be applicable.   You can connect with our taxation expert directly on WhatsApp using the button […]

The NRE FDs doesn’t need to be converted to resident accounts after you return to India. They can remain as-is till maturity.   Post maturity, the NRE FD can be converted to a Resident Foreign Currency (RFC) Account. The interest earned on NRE Deposits that have been converted to RFC Accounts will be exempt from […]

A Roth IRA is funded by your post-tax income. Therefore, withdrawals are tax and penalty-free.   However, if you have had your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn. If you withdrawal your earnings before maturity then tax […]

Only the interest that you earn from your NRO Account is taxable. Therefore, the interest on the money that your friends or family will deposit will be taxable in India. Also, there are certain limitations and tax implications while accepting and sending gifts as an NRI.   Click on the button below to connect with […]