Serious Stuff - Fbar

[nar245]

Hey - evarikaina FBAR gurinchi telusa? I heard if sum in ur accounts in foreign countries total > $10000 u need to declare ani:

 

First question - If someone is having Rs. 630000 in Savings account and had accrued just Rs. 1000 interest, how to report for taxation? Will I have pay tax just for 1,000 here? How to get credit for TDS done by Indian banks?

 

Second - Is it mandatory to convert all savings accounts converted to NRE/NRO

 

Third - Evarainna issues face chesara deeni meeda?

[kedharinath]

Jum jum maaya..jum jum maaya..

[ZuniorVentiyar]

630000  -- ki 1000 tax aaa ..... only 1 day undhaa account lo aa amount????

 

 

 

 

 

Hey - evarikaina FBAR gurinchi telusa? I heard if sum in ur accounts in foreign countries total > $10000 u need to declare ani:

 

First question - If someone is having Rs. 630000 in Savings account and had accrued just Rs. 1000 interest, how to report for taxation? Will I have pay tax just for 1,000 here? How to get credit for TDS done by Indian banks?  --- Mostly you don't need TDS ... while applying u r tax return inform your interest under intrest earned section .... if yoou want TDS ... I gave links in other thread check those

 

Second - Is it mandatory to convert all savings accounts converted to NRE/NRO   - NO 

 

Third - Evarainna issues face chesara deeni meeda? -- issue antee???

 

[ZuniorVentiyar]

here you go .....

 

http://www.andhrafriends.com/topic/522619-f-b-a-r-and-beyond-important-info-for-all/

 

 

let me know if you have any questions 

[Sastrygaru]

at any point of time nee peru meedha unna external accounts 10K $ daatithe report cheyyali ani telisndhi.. monna tax expert ni adigaanu.. i had the same exact doubt for almost three years now.. if you want to bypass that route.. send all the money to your parents accounts if they have any.. then you dont have to mention.. 

[Spartan]

you have to pay Tax for those 1000Rs.

 

Indian Bank neeku statement istad..u need to use that to file it..

 

 

http://bsaefiling.fincen.treas.gov/main.html

 

[loveindia]

indian savings account no need...

nre/nro savings account == fbar yes...

easy way, split money into all family members account and use... simple...

[nar245]

630000  -- ki 1000 tax aaa ..... only 1 day undhaa account lo aa amount????

 

Sort of - Indian savings account lo per day interest untundi. So it's likely that u will get just Rs.1000 interest if u have 6,30,000 for few days

[Spartan]

at any point of time nee peru meedha unna external accounts 10K $ daatithe report cheyyali ani telisndhi.. monna tax expert ni adigaanu.. i had the same exact doubt for almost three years now.. if you want to bypass that route.. send all the money to your parents accounts if they have any.. then you dont have to mention.. 

 

http://www.andhrafriends.com/topic/571574-india-u-s-fatca-sign-cheyakapotejan2015-nunchi-30-extra-taxes/

[Sastrygaru]

http://www.andhrafriends.com/topic/571574-india-u-s-fatca-sign-cheyakapotejan2015-nunchi-30-extra-taxes/

agree andhukee father account ki money sending to avoid all talanoppis.. 

[ZuniorVentiyar]

got it , if you want TDS get fom here .... or login to your indian bank online accounts and yoou find link for Tax certificate get that .... 

 

https://nriservices.tdscpc.gov.in/nriapp/login.xhtml

 

 

Sort of - Indian savings account lo per day interest untundi. So it's likely that u will get just Rs.1000 interest if u have 6,30,000 for few days

 

[nar245]

I heard one more thing, money u send to India or external accounts is called "gift"

 

Ikkada US lo donor needs to pay gift tax. And without tax, max u can send is $14000 to an individual. If u are married both wife and husband can send $28000 to an individual. Beyond that, u have to pay gift tax first and then remit/transfer the amount.

 

Nijama?

 

 

[Sastrygaru]

I heard one more thing, money u send to India or external accounts is called "gift"

 

Ikkada US lo donor needs to pay gift tax. And without tax, max u can send is $14000 to an individual. If u are married both wife and husband can send $28000 to an individual. Beyond that, u have to pay gift tax first and then remit/transfer the amount.

 

Nijama?

 

eppudu vinaleedhu bhayya first time..

[ZuniorVentiyar]

I heard one more thing, money u send to India or external accounts is called "gift"

 

Ikkada US lo donor needs to pay gift tax. And without tax, max u can send is $14000 to an individual. If u are married both wife and husband can send $28000 to an individual. Beyond that, u have to pay gift tax first and then remit/transfer the amount.

 

Nijama?

[kedharinath]

I heard one more thing, money u send to India or external accounts is called "gift"

Ikkada US lo donor needs to pay gift tax. And without tax, max u can send is $14000 to an individual. If u are married both wife and husband can send $28000 to an individual. Beyond that, u have to pay gift tax first and then remit/transfer the amount.

Nijama?

14..28 aa

Antha liquid cash lu kuda untaya manshul dagra..
Nak jeetham padda 4,5 days ki kaali aithadh..gattiga karchu pedthe malla nene appu tiskovals osthundh..

Na accout lo epd untayo itla paishal..:(