Paisal transfer NRE and NRO accounts ki

[Merabharathmahan]

Usa nundi mana NRE and NRO accounts ki paisal transfer chesukovadam best or parents account ki each month ala send chesukundi best aa?  Fbar edo file cheyalanta kada $10k kante ekkuva india account lo unte. H1 visa vallaku kooda ee tax rules GC vallaku pettinatte enduku pettaro. 

parents account ki send chesukovadam ok na. 

[sage]

had same question, please some one reply to it

[nokia123]

parents account ki pampisthe emi declare cheyyakkarledhu..nee NRE or NRO account lo antha kante ekkuva unte declare cheyyali

[BIRYANI]

6 minutes ago, nokia123 said:

parents account ki pampisthe emi declare cheyyakkarledhu..nee NRE or NRO account lo antha kante ekkuva unte declare cheyyali

mai savings account lo unte??

[sampangi]

Ltt

[MunnaRockz]

Ltt

[Lipisky]

No need 

[sri_india]

FBAR file cheyadaniki bayam deniki ??? you already paid tax on that ..... if you earn some interest on that amount in india you have to pay tax on that .... I don't think you are earning lack of interest on that .... its up to you but the major advantage is .......

 

NRO is just like your  foreign  account in India ... from  USA accounts / Money transfer nuvvu pampinaa money temporary gaaa ikkada pettukovachu .. you can earn interest also , which you supposed to report in FBAR and pay tax (avg 4% ... but FD open chesthy 7.5% varaku vosthadi .... 1 year lopu FD close chesthy you won't get any interest ) .... BUt good thing is if you need money back to USA .... simply you can transfer back to USA bank without any charge (based on current exchange rate) .... very good if you are planning to invest / buy home in USA but don't want to keep money in USA accounts (interest rates are very less in USA ... remember even USA banks also report your interest and you have to pay tax on that ... )

 

 

NRE account is simple indian saving account like your parents account  but  for NRIs ....its like india account ... if you transfer here .... money gone to India ... you can't get them to USA unless you submit lot of paper work to bank and do reverse remittance ... also the amount you keep here .... Indian Govt deduct tax on the interest you earn (interest rates are same as above)  no matter what interest amount it is   ....

 

so its up to you pay tax to India or USA  or transfer to your parents 

[Merabharathmahan]

2 hours ago, sri_india said:

FBAR file cheyadaniki bayam deniki ??? you already paid tax on that ..... if you earn some interest on that amount in india you have to pay tax on that .... I don't think you are earning lack of interest on that .... its up to you but the major advantage is .......

 

NRO is just like your  foreign  account in India ... from  USA accounts / Money transfer nuvvu pampinaa money temporary gaaa ikkada pettukovachu .. you can earn interest also , which you supposed to report in FBAR and pay tax (avg 4% ... but FD open chesthy 7.5% varaku vosthadi .... 1 year lopu FD close chesthy you won't get any interest ) .... BUt good thing is if you need money back to USA .... simply you can transfer back to USA bank without any charge (based on current exchange rate) .... very good if you are planning to invest / buy home in USA but don't want to keep money in USA accounts (interest rates are very less in USA ... remember even USA banks also report your interest and you have to pay tax on that ... )

 

 

NRE account is simple indian saving account like your parents account  but  for NRIs ....its like india account ... if you transfer here .... money gone to India ... you can't get them to USA unless you submit lot of paper work to bank and do reverse remittance ... also the amount you keep here .... Indian Govt deduct tax on the interest you earn (interest rates are same as above)  no matter what interest amount it is   ....

 

so its up to you pay tax to India or USA  or transfer to your parents 

 You said exactly opposite. NRE daggara NRO di pettav and NRO daggara NRE pettav. NRE account is repatriable. NRE account is non resident external account, mana visa renewals avi kyc lo eppudu bank lo update chestu undali    

FBAR tho patu FATCA filing kooda untadi entho limit datithe. NRE account lo interest vasthe adi kooda 1098-T laga ikkada tax filing lo cheppali, ivanni thala noppulu kada.