Phase out limits for Adoption credit

Phase out limits for Adoption credit Qualified expenses generally include adoption fees, court costs, attorney fees, and travel expenses that are reasonable, necessary and directly related to the child’s adoption, and they may be for both domestic and foreign adoptions; however, expenses related to adopting a spouse’s child are not eligible for this credit. When [...]

2019-02-06T11:42:15+00:00February 5, 2019|Tax Planning, Tax Preparation|0 Comments

Taxes on Investments in India- FD, Mutual Funds, Equity/Stocks, Real Estate, etc.

Taxes on Investments in India- FD, Mutual Funds, Equity/Stocks, Real Estate, etc. Irrespective of which country you travel to, there is something that one must always be cognizant of, taxes. And things can get a bit tricky since you might have to pay taxes at both the places, the current country of residence as well as [...]

2019-01-31T14:39:25+00:00December 26, 2018|Tax Planning, Tax Preparation|0 Comments

Tax Liability for NRI’s residing in the US for sending money to India

Tax Liability for NRI’s residing in the US for sending money to India A better working opportunity or an opportunity to secure a better future for yourself and your family or better earnings are some of the most common reasons for people to seek jobs abroad. It is only but natural that one would want [...]

2019-01-31T14:16:26+00:00December 25, 2018|Tax Planning, Tax Preparation|0 Comments

Under what circumstances is it compulsory for an NRI to file his taxes?

Under what circumstances is it compulsory for an NRI to file his taxes? It is a common understanding that anyone who has a source of income in India and falls into the tax brackets must pay income taxes. But not many are aware of the fact that even NRIs might have to pay taxes for [...]

2019-01-28T15:46:27+00:00December 23, 2018|Tax Planning, Tax Preparation|0 Comments

Income Tax Planning for an NRI planning to return to India

Income Tax Planning for an NRI planning to return to India  It might so happen that one fine day you decide to pack your bags and come back home. When you do, there are a few things that you must take special care of. For starters, your investments and tax implications. In general, the tax [...]

2019-01-30T12:38:38+00:00December 23, 2018|Tax Planning|0 Comments

Checklist for an NRI filing return in USA and India for the same year

Checklist for an NRI filing return in USA and India for the same year It is quite a common scene. Indians travelling to the USA in the search for better opportunities and a better future. If you are one of them, there are quite a few things that you need to keep in mind. The [...]

2019-01-28T14:20:54+00:00December 22, 2018|Tax Planning|0 Comments

How to account for your Indian investments while filing for US taxes?

How to account for your Indian investments while filing for US taxes? The sole intent of investments is to increase your net capital over a period of time. With the advent of newer methods, individuals now have more avenues to invest their money and their money works harder. However, amidst all this one must not [...]

2018-12-07T21:19:02+00:00November 29, 2018|Investment & Income, Tax Planning|0 Comments

Tax implications for your Indian Properties

Tax implications for your Indian Properties The real estate market has always been one of the most lucrative ones for investment. This applies to residents of India as well as non-resident Indians. However, there is a small aspect that not many are aware of or pay a lot of importance to, taxation. If you are [...]

Can an NRI continue his PPF?

Can an NRI continue his PPF?  One of the most common forms of investments for Indians is PPF. It is secured, and you know the exact returns on its maturity. Its long-term perspective also works well with a lot of investors. PPF is majorly risk-free and is tax-free as well, which attracts a lot of [...]

All you need to know about PFIC reporting – Form 8621

All you need to know about PFIC reporting - Form 8621 For any US resident paying taxes and keeping a track of the same is as important a duty as any other. Being on the top of your taxes will not you to plan and sort things out well in advance. On the other hand, [...]

2018-11-29T14:37:38+00:00November 29, 2018|Blog, Tax Planning, Tax Preparation|0 Comments