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 Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
