quite a good sharingg.....
Closer look to nre & nro a/c taxability
Page no : 2
DEEPA VYAS
(CA )
(2039 Points)
Replied 21 December 2012
Very very useful information.........Thanx fo sharing
siddhpura hiren
(Accountant)
(59 Points)
Replied 21 December 2012
Dear Sir,
Our company's Emplyee Death during the work. We paid cash to his wife of Factory Inspector instruction of compestion of emplyee's death . What entry will be treated for accouting and income tax purpose.
Plesa any one give me idea.......its very argent.
Dhanya Sreedhar
(CA final, doing Job)
(661 Points)
Replied 22 December 2012
Very Informative.....Thanks for sharing...
Vandana Mulchandani
(Finance Manager )
(9227 Points)
Replied 22 December 2012
Well explained Vaibhav.....
Ajay K
(Accounts/Finance & CA Final Student )
(200 Points)
Replied 12 January 2013
well done Vaibhav....great job..
Thnx for sharing
karan jit singh
(Consultant)
(1299 Points)
Replied 12 January 2013
very very very nice try to make us understand...keep sharing:)
S.MASILAMANI KARTHIKEYAN
(CHARTERED ACCOUNTANT)
(22 Points)
Replied 27 July 2013
It seems the tax bracket differs depending upon the data prevailing between two countries in respect of interest earned on bro deposit. Pl clarify
MUKESH DALUKA
(FINAL)
(24 Points)
Replied 27 August 2013
Tds should be deducted on nre account fixed deposit interest or not?
ak mangal
(Engg)
(52 Points)
Replied 07 February 2014
I am a resident Indian and about to get a green card for the US. I will transfer funds to myself in USA for my expenses etc. I also wish to retain bank accounts in India as I would be visiting India too and also for crediting Indian income thru bank interests etc. Please guide me about the following:
1) would I have to close all resident bank accounts/ FDs and shift to NRO/NRE account?
2) would I have to close my PPF account?
3) Can I continue to keep immovable assets like house?
4) can I continue to hold shares in India? If yes then do i have to close existing DMAT account and reopen another thru NRO account?
I shall be thankful for your response. Please also suggest a link for all such rules. Thanks in advance. Regards, AK Mangal
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 07 February 2014
1) would I have to close all resident bank accounts/ FDs and shift to NRO/NRE account?
Yes close your all A/c & you can enjoy no TDS on int earned on NRE A/c
2) would I have to close my PPF account?
No you can continue
3) Can I continue to keep immovable assets like house?
Yes you can keep all assets.
4) can I continue to hold shares in India? If yes then do i have to close existing DMAT account and reopen another thru NRO account?
You can continue with all investments.
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