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8/8/2020 Surya Padhi. CA, CPA - NRI Taxation and Tax Planning
suryapadhi.com/cpa-home/enrich/19-cpa/cpa-enrich/nri-taxation-and-tax-planning/12-nri-taxation-and-tax-planning?tmpl=component&print=1 1/1
NRI Taxation and Tax Planning
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Category: NRI Taxation and Tax Planning
NRI Taxation and Tax Planning
NRI Taxation and Tax Planning
FY2020-2021 : Non-Resident Indian Status Determination
NRI Questions and Answers
Question - 1: Is mortgage interest on a foreign home loan India deductible? How do I add deduction in US taxes with
interest paid in Indian Rupees?
Question - 2: I have taken a 401K loan for buying my Primary Home and have been repaying the loan with interest,
Can I show the interest that I have been paying back in my Tax filing?
Question - 3: How to report interest on Indian NRE account-The account pays interest only once in 3 years. So for
each year in between do I have to report interest accrued?
Question - 4: I have interest income earned at NRI account at Indian bank. would I have to show in income tax filing
in USA? if so how? How do I report foreign bank account details (india)?
Question - 5: Do I report interests on my Indian NRI bank deposits (FD) in my 1040? Tax on this income is already
withheld at Source (TDS). How do I claim tax credit for this in (my US returns)?
Question – 6: How do I report my mutual fund income in India. Do I ask for quarterly statements for investment? Do
they issue specific form in India similar to 1099-Div in USA? Dividend reinvestment is considered as Dividend
income in USA?
Question - 7: Does NRI have to pay tax in India if they are USA resident?
Question - 8: Do I have to pay taxes in India if I am an NRI?
Question - 9: Is it a must for NRIs to pay advance tax?
Question - 10:What are the deductions allowed for NRI?
Question - 11:What are the deductions not allowed for NRI
Question - 12: How do I ensure I am not taxed twice for the same income?
Question – 16: Earlier I used ITN number to file my return, now I have SSN number, Should I take any action?
Question – 17: I’m an NRI and don’t have an Aadhaar. Is it true that my PAN will be blocked if I’m not able to
provide Aadhaar by 30th April?
Question - 18: What is the process for NRI enrollment for Aadhaar card?
Question - 19: What is the process for Aadhaar enrollment for children of NRIs?
Question - 20: I have real estate properties in my name in India. What do I need to report?
Question - 21: When you need to file form I8938?

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Surya padhi. ca, cpa nri taxation and tax planning

  • 1. 8/8/2020 Surya Padhi. CA, CPA - NRI Taxation and Tax Planning suryapadhi.com/cpa-home/enrich/19-cpa/cpa-enrich/nri-taxation-and-tax-planning/12-nri-taxation-and-tax-planning?tmpl=component&print=1 1/1 NRI Taxation and Tax Planning Print Details Category: NRI Taxation and Tax Planning NRI Taxation and Tax Planning NRI Taxation and Tax Planning FY2020-2021 : Non-Resident Indian Status Determination NRI Questions and Answers Question - 1: Is mortgage interest on a foreign home loan India deductible? How do I add deduction in US taxes with interest paid in Indian Rupees? Question - 2: I have taken a 401K loan for buying my Primary Home and have been repaying the loan with interest, Can I show the interest that I have been paying back in my Tax filing? Question - 3: How to report interest on Indian NRE account-The account pays interest only once in 3 years. So for each year in between do I have to report interest accrued? Question - 4: I have interest income earned at NRI account at Indian bank. would I have to show in income tax filing in USA? if so how? How do I report foreign bank account details (india)? Question - 5: Do I report interests on my Indian NRI bank deposits (FD) in my 1040? Tax on this income is already withheld at Source (TDS). How do I claim tax credit for this in (my US returns)? Question – 6: How do I report my mutual fund income in India. Do I ask for quarterly statements for investment? Do they issue specific form in India similar to 1099-Div in USA? Dividend reinvestment is considered as Dividend income in USA? Question - 7: Does NRI have to pay tax in India if they are USA resident? Question - 8: Do I have to pay taxes in India if I am an NRI? Question - 9: Is it a must for NRIs to pay advance tax? Question - 10:What are the deductions allowed for NRI? Question - 11:What are the deductions not allowed for NRI Question - 12: How do I ensure I am not taxed twice for the same income? Question – 16: Earlier I used ITN number to file my return, now I have SSN number, Should I take any action? Question – 17: I’m an NRI and don’t have an Aadhaar. Is it true that my PAN will be blocked if I’m not able to provide Aadhaar by 30th April? Question - 18: What is the process for NRI enrollment for Aadhaar card? Question - 19: What is the process for Aadhaar enrollment for children of NRIs? Question - 20: I have real estate properties in my name in India. What do I need to report? Question - 21: When you need to file form I8938?