R2I Club Member Hangout

You concept is not bed. But $120K for condo? where in Tampa , FL? How much is the HOA or other fees?

[1] Keep in the US for FDIC insurance for $250K for each bank. In India, it is only 5 lacs.
[2] Another person says- exchange rate risk. You can always transfer money online from US to India.

I also hope so. Since, one proposal is that the long-term capital gain tax will be taxed at person's tax slab rate except 1.25 lacs earning. It means that those are at 30-35 % tax bracket need to pay much higher tax. It seems that the stock market might have some negative impact for this.

It seems that the
benefit received from the US Social Security Authorities is taxable only in the US and exempt from Indian income tax as per the DTAA between India and the US.

DIRECT TAX CODE ALSO SAYS: 3. Residence-Based Taxation A significant shift under the DTC is taxing Indian residents on their global income. This change aligns India’s tax framework with international practices, simplifying compliance for individuals with overseas earnings. [1] Does it mean that the ...

Hi all, India is going to introduce direct tax code in 2025. One change is to removal of RNOR. Are they going to implement it in 2025? It means that a person returns to India have to pay tax as a resident immediately in the year of return and will not get one or two-year tax break as per RNOR status.