Closer look to nre & nro a/c taxability

quite a good sharingg.....

Really useful post !!

Very very useful information.........Thanx fo sharing

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.

Very Informative.....Thanks for sharing...

Well explained Vaibhav.....

Very useful post...Thanks for sharing.

Originally posted by : Monika
	Very useful post...Thanks for sharing.

:)

Originally posted by : Ajay K
	well done Vaibhav....great job.. Thnx for sharing

thx ajay for ur feedback!!

very very very nice try to make us understand...keep sharing:)

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

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.