Search found 15 matches

by DILIPDE
Sun Apr 13, 2025 11:36 am
Forum: Diaries
Topic: RNOR Calculator
Replies: 5
Views: 865

Re: RNOR Calculator

Great I will review your inputs: [1] I am not in India 2 years past 15 years. [2] I took only 95 days' vacation in India last 7 years from 2019- 2025 [3] So, if move back May 25th, 2026 and visit the USA and other countries during 2 years of RNOR status, I might be able to get 3rd year. Need to calc...
by DILIPDE
Sat Apr 12, 2025 9:27 am
Forum: India Finance
Topic: Section 89A
Replies: 2
Views: 453

Section 89A

Section 89A of the Income Tax Act in India exempts income from foreign retirement accounts from taxation on an accrual basis12. This means that the tax liability shifts to the foreign country, which will tax the income only at the time of withdrawal2. This change is effective from the assessment yea...
by DILIPDE
Tue Apr 08, 2025 10:59 am
Forum: Diaries
Topic: RNOR Calculator
Replies: 5
Views: 865

Re: RNOR Calculator

www.r2iclubforums.com › viewtopicNew RNOR Calculator by Ambhi - r2i forum

As per below RNOR guidelines, cumulative stay in India of immediate previous 7 years to be considered and it has to be 729 days or less. Though this is done in Ambhi?s calculator, THIS ONE
by DILIPDE
Tue Apr 08, 2025 10:56 am
Forum: Diaries
Topic: RNOR Calculator
Replies: 5
Views: 865

Re: RNOR Calculator

This is the calculate to find out if you are NRI. In the past, there was a calculator in this board (the link did not work now) to calculate to get a maximum of 3 years of RNOR status by including the days you have visited in India in the past 7 years.
by DILIPDE
Sun Apr 06, 2025 1:52 pm
Forum: Diaries
Topic: RNOR Calculator
Replies: 5
Views: 865

RNOR Calculator

In the past, I downloaded a calculator to determine how many years I could get RNOR status. I could not find the calculator and the link I found is not working. Could anyone post the link which will work.
by DILIPDE
Mon Feb 17, 2025 10:40 am
Forum: India Finance
Topic: Direct Tax code- removal of RNOR status
Replies: 40
Views: 81324

Re: Direct Tax code- removal of RNOR status

I think, keeping RNOR status is good move. It will help returning NRI (particularly those are living overseas for a long time) to adjust before filling tax return in India.
by DILIPDE
Mon Feb 10, 2025 12:33 pm
Forum: India Finance
Topic: Direct Tax code- removal of RNOR status
Replies: 40
Views: 81324

Re: Direct Tax code- removal of RNOR status

I could not find any update on DTC yet, particularly regarding RNOR status.
by DILIPDE
Sun Jan 19, 2025 4:31 pm
Forum: USA Finance
Topic: Any idea where to Invest $1M dollar after transferring to India?.
Replies: 19
Views: 28706

Re: Any idea where to Invest $1M dollar after transferring to India?.

I agree, no country on the earth is perfect. It is up to you to make easier for you to live based on your personal choices.
by DILIPDE
Sun Jan 19, 2025 4:27 pm
Forum: India Finance
Topic: Direct Tax code- removal of RNOR status
Replies: 40
Views: 81324

Re: Direct Tax code- removal of RNOR status

If 180 days NRI rules stay and if they remove RNOR and you did not visit India in 2025 or for a few days, then if you move back in Nov 2025, you will be NRI for November 2025 to March 2026 and then you will be Indian Resident from April 2026 and you need to start paying estimated tax based on your e...
by DILIPDE
Tue Jan 07, 2025 4:17 pm
Forum: USA Finance
Topic: Any idea where to Invest $1M dollar after transferring to India?.
Replies: 19
Views: 28706

Re: Any idea where to Invest $1M dollar after transferring to India?.

You concept is not bed. But $120K for condo? where in Tampa , FL? How much is the HOA or other fees?