Hi,
My brother got PAN card when he was a Indian Citizen. Now, he has US Citizenship. Do he need to update PAN card with this change? Also, do he need to update all bank accounts (NRI accounts, regular checking accounts, etc.) with the change?
Thank you.
Ashok
Menu
Pan update for us citizen
Replies (1)
Hi,
No need to intimate. If your brother drawing any income beyond exemption limits on Indain PAN, then he has to file income tax return, else he can ignore the same.
It is better to convert the account to NREas he is no more living in India and also the money deposited in such accounts are tax free. Contact the banker for more info on bank account n its benefits.
Thanks,
Suri
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
