Hello
Will go to Zambia for Work in last week of Sep 2018
I would be spending less than 182 days in india and have never left india in last 4 years even for a day.
There will be no earnings like rent, divident in my name in India nor do i have any investment in todays date
i would
be in Zambia for 2 years.
Salary in Zambia will be paid in Cash
What i need help in understanding is -
1>> I want to send some money to Parents in India to meet their household / medical
expenses
I plan to open a account in Zambia and from that account transfer money to parents account
2>> I dont want to keep a lot of money in Zambia either in cash with me or in
Zambia bank account
Should i transfer out my monthly left over money to my Indian account, if yes should it be NRE or NRO
i want to minimize or eliminate tax as much as possbile and be compliant with IT laws
3>> Should i close my savings account in india or just convert
them to another type
4.>> Need i open a NRE account in India right now
Thanks
CAclubindia
