Insights
Currently, there are lots of negatives news, events and circumstances related to Indian Market such...
FBAR Requirement: In simple terms, US Citizens and resident aliens (i.e. anyone filing Form 1040)...
Tags Asset, Compliance, Department of Treasury, FBAR, FFA, Financial Account, Foreign, foreign exchange, Foreign Financial Account, Investment, IRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, US Reporting
No. Foreign Financial Accounts ^ Reported in FBAR?^ Example* 1 Financial (deposit & custodial) accounts...
Tags Asset, Compliance, Department of Treasury, FBAR, FFA, Financial Account, Foreign, foreign exchange, Foreign Financial Account, Investment, IRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, US Reporting
Steps for FBAR Compliance: 1. List investments made in foreign countries and money in foreign...
Tags Asset, Compliance, Department of Treasury, FBAR, FFA, Financial Account, Foreign, foreign exchange, Foreign Financial Account, Investment, IRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, US Reporting
RBI and Indian Government Agencies have made a lot of changes affecting NRIs and NRI...
As per RBI’s notification RBI/2011-12/536 dated May 7, 2012, NRIs are eligible to transfer funds from NRO account...