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ICICI lo 50L deposit cheyyacha?


nuzvid_mamidikaya

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Let's take the classic example of Global Trust Bank, Promoted by Ramesh Gelli and registered as private NBFC in India. 

GTB collapse ayindi, but as it had the backing of reserve bank of India, GTB was immediately merged with Oriental bank of commerce and not even a single depositor has lost a penny.

adannamata sangati....

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5 hours ago, Spartan said:

USA ki teste kattali..lekapote avasram ledu..

yes FBAR lo mention cheyali.

Future lo USA lo settle ayithe USA ke kada techukovali.  

FBAR emo avasaram antunnaru but NRE FD interest meeda nemo usa lo tax lu kattoddu antunnaru what is this bhayya. 1099-INT lage schedule-B fill cheyali along 1040 when u file taxes. Schedule-B lo bank name and interest entha vachindo esi nee income ki sum chesi tax kattali. Also FATCA 8938 kooda file cheyali if ur foreign account balance >$50k in financial year.  Chala racha undi.  Nuvvu mention cheyakunna india banks US ki chebtay ippudu because NRI account open chesetappudu FATCA option daggara ssn ichi sign cheyali so they have ur info. 

Not only bank accounts, FDs but also any financial investments like mutual funds, LIC policies, smart elite plans, etc... anni kalipi >$10k ayithe FBAR cheyali and >$50k unte FATCA 8938. Every year cheyali idi. And also pay tax on interest. My suggestion is keep here in usa in high yield savings account (2% minimum istaru). India ki permanent ga velli settle ayye plans lekunte keep here itself otherwise future lo ippudu send chesina dabbulu return techukunetappudu tax dept nundi problems vastay

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2 hours ago, Merabharathmahan said:

Future lo USA lo settle ayithe USA ke kada techukovali.  

FBAR emo avasaram antunnaru but NRE FD interest meeda nemo usa lo tax lu kattoddu antunnaru what is this bhayya. 1099-INT lage schedule-B fill cheyali along 1040 when u file taxes. Schedule-B lo bank name and interest entha vachindo esi nee income ki sum chesi tax kattali. Also FATCA 8938 kooda file cheyali if ur foreign account balance >$50k in financial year.  Chala racha undi.  Nuvvu mention cheyakunna india banks US ki chebtay ippudu because NRI account open chesetappudu FATCA option daggara ssn ichi sign cheyali so they have ur info. 

Not only bank accounts, FDs but also any financial investments like mutual funds, LIC policies, smart elite plans, etc... anni kalipi >$10k ayithe FBAR cheyali and >$50k unte FATCA 8938. Every year cheyali idi. And also pay tax on interest. My suggestion is keep here in usa in high yield savings account (2% minimum istaru). India ki permanent ga velli settle ayye plans lekunte keep here itself otherwise future lo ippudu send chesina dabbulu return techukunetappudu tax dept nundi problems vastay

simple funda man.

Insurance, And non-taxable accounts lo dabbu undi Income vastunte India lo , no need to pay taxes in US and just report on FBAR.

incase a dabbu US ki techukuntunte, vachina interrest/profit meeda tax kattali..... notice..only if u get that money to US..ledante kattanavasram le.

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15 minutes ago, Spartan said:

simple funda man.

Insurance, And non-taxable accounts lo dabbu undi Income vastunte India lo , no need to pay taxes in US and just report on FBAR.

incase a dabbu US ki techukuntunte, vachina interrest/profit meeda tax kattali..... notice..only if u get that money to US..ledante kattanavasram le.

TS 50L rupees FD chesi future lo usa lo unte usa ke kada techukunedi. India lo retired avuta so dani kosame ivi ante appudu nuvvu cheppinattu cheyali.  Meeru FBAR enduku cheyalani antunnaru mari. FBAR lo account number istunnaru so vallu mee account lo interest amount avi kooda telusukovachu if they want to.  Chesthe anni correct ga cheyali lekunte edi cheyyoddu.  US lo Resident Alien world wide income (including FD interest on NRE) meeda tax pay cheyali and also FATCA 8938 file cheyali every year if balance >$50k.  

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36 minutes ago, Merabharathmahan said:

TS 50L rupees FD chesi future lo usa lo unte usa ke kada techukunedi. India lo retired avuta so dani kosame ivi ante appudu nuvvu cheppinattu cheyali.  Meeru FBAR enduku cheyalani antunnaru mari. FBAR lo account number istunnaru so vallu mee account lo interest amount avi kooda telusukovachu if they want to.  Chesthe anni correct ga cheyali lekunte edi cheyyoddu.  US lo Resident Alien world wide income (including FD interest on NRE) meeda tax pay cheyali and also FATCA 8938 file cheyali every year if balance >$50k.  

uncle sare kattandi tax... venky4.gif?1290164845

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On 4/17/2019 at 12:04 AM, Spartan said:

uncle sare kattandi tax... venky4.gif?1290164845

@Spartan ee info ekkada gather chesav ? already experience ayyava tekapothe kattakkarledu ani ... just want to double check, elaga desi CPA daggaraki potha anko

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On 4/18/2019 at 12:19 PM, dasara_bullodu said:

@Spartan ee info ekkada gather chesav ? already experience ayyava tekapothe kattakkarledu ani ... just want to double check, elaga desi CPA daggaraki potha anko

Rules prakaram anni file cheyyali bhayya. Foreign investments(LIC, mutualfunds, other plans) and bank FDs ivanni report chestu interest meeda tax kattali. India ki 100% return ellipota anukune vallaku em issues undavu ee rules follw kakunna kooda but usa lone unte problems avutay future lo. Anni kalipi >$50k unte FATCA 8938 file cheyali every year.  >$10k unye FBAR. Interest meeda tax schedule-B fill chesi 1040 tho tax kattali. 

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On 4/16/2019 at 11:40 AM, nuzvid_mamidikaya said:

vadu 7.5 istunnadu. SBI only 6.8 istundi. Bajaj fianance vadu 8.7 isthunnadu . ICICI and Bajaj reliable kani private ani jankuthunna. @Android__Halwa ne expert opinion enti?

nenu chesa recent ga. 

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41 minutes ago, Merabharathmahan said:

Rules prakaram anni file cheyyali bhayya. Foreign investments(LIC, mutualfunds, other plans) and bank FDs ivanni report chestu interest meeda tax kattali. India ki 100% return ellipota anukune vallaku em issues undavu ee rules follw kakunna kooda but usa lone unte problems avutay future lo. Anni kalipi >$50k unte FATCA 8938 file cheyali every year.  >$10k unye FBAR. Interest meeda tax schedule-B fill chesi 1040 tho tax kattali. 

ok r u filing it ?

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46 minutes ago, dasara_bullodu said:

ok r u filing it ?

Naku levu 1 lakh Rs kante ekkuva india lo. Ee tax paper work headache valla india lo FDs or mutualfunds emi cheyaledu. NRI accounts lo >$10k unte bank valle report chestaru US ki manam cheyakunna kooda  so can’t escape. 

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