krrish Posted April 1, 2019 Report Posted April 1, 2019 20 hours ago, Spartan said: report bank account.. next year LIC elago 10k datutadi appudu adi kuda report cheyi Bhayya, fixed deposits ki interest vastundi kada...adi kuda report cheyyala as foreign interest income in tax returns...I have fixed deposits that get renewed automatically...I am not sure if the interest obtained is considered as income...if so, even if the total income is less than 1000 or 1500 USD, should I still report? Quote
Spartan Posted April 1, 2019 Author Report Posted April 1, 2019 Just now, krrish said: Bhayya, fixed deposits ki interest vastundi kada...adi kuda report cheyyala as foreign interest income in tax returns...I have fixed deposits that get renewed automatically...I am not sure if the interest obtained is considered as income...if so, even if the total income is less than 1000 or 1500 USD, should I still report? India lo a fixed income ki tax cut avutadi usual ga... if thats not the case then yes u need to report and pay tax here. Quote
krrish Posted April 1, 2019 Report Posted April 1, 2019 4 minutes ago, Spartan said: India lo a fixed income ki tax cut avutadi usual ga... if thats not the case then yes u need to report and pay tax here. actual ga NRE account bhayya...I guess they don't cut the tax...what should I do? I already filed the taxes? Quote
Spartan Posted April 1, 2019 Author Report Posted April 1, 2019 1 minute ago, krrish said: actual ga NRE account bhayya...I guess they don't cut the tax...what should I do? I already filed the taxes? oh , NRE account aite..India lo not taxable as long as you are an NRI. general ga aite unless u bring that money here, you dont need to pay taxes. same rule applies for companies as well, thats y they hold foreign income outside, e sari Trump gadu manchi offer ichadu kabatti some companies brought in that money... no need to report in ur case if u r not getting that money. but report the FD amount, if they total more than 10K. Quote
krrish Posted April 1, 2019 Report Posted April 1, 2019 4 minutes ago, Spartan said: oh , NRE account aite..India lo not taxable as long as you are an NRI. general ga aite unless u bring that money here, you dont need to pay taxes. same rule applies for companies as well, thats y they hold foreign income outside, e sari Trump gadu manchi offer ichadu kabatti some companies brought in that money... no need to report in ur case if u r not getting that money. but report the FD amount, if they total more than 10K. Oh, great. thanks a lot bhayya....I don't think I will bring that money here... Quote
AlaElaAlaEla Posted April 2, 2019 Report Posted April 2, 2019 On 3/31/2019 at 8:00 PM, krrish said: Oh, great. thanks a lot bhayya....I don't think I will bring that money here... @krrish FBAR filing done ? Quote
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