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Tax return    Desi   01/05/2018 07:21 PM  

Hi, I have a question regarding filing tax return. I have green card here, I am wondering if I have to declare all the FDs that I have in India and do I have to pay taxes on those? Just FYI, these FDs were given to me when my daughter was born so it’s a gift, not my money. Thanks!

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Re: Tax return    Tax payer   01/05/2018 10:12 PM  

No you dont.

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Re: Tax return    Not sure   01/05/2018 10:37 PM  

I am not 100% sure. If those FD internet are from NRE account, then i guess you need to file FBAR.

Not 100% source, check with some Tax agent.

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Re: Re: Tax return    nv   01/06/2018 02:35 PM  

All income earned(Immaterial of the country) should be reported. If you have paid tax in India, then you can adjust the same in your US tax filing.

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Re: Re: Re: Tax return    Taxed   01/06/2018 04:06 PM  

U r a greencard holder u should know US tax filing rules n obligations

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Re: Re: Re: Re: Tax return    Being human   01/06/2018 05:21 PM  


U r a greencard holder u should know US tax filing rules n obligations —- seriously? Why are you being so rude? We all learn with experience, may be you are an exception.

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Re: Re: Re: Re: Re: Tax return    T   01/07/2018 04:05 AM  

Experience?of how many years? Exception?yes im an exception where we wont take YEARS to learn stuff speciallyif u r aware what u r getting to...

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Re: Re: Re: Re: Re: Re: Tax return    Being human   01/07/2018 08:59 AM  

I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it
.

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Re: Re: Re: Re: Re: Re: Re: Tax return    T   01/07/2018 09:27 AM  

Hahaha...u shud not hurt animals though...u r after all being a human

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Re: Re: Re: Re: Re: Re: Re: Re: Tax return    PJ   01/08/2018 01:40 PM  

PJ

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Tax return    Suresh   01/09/2018 01:52 PM  

If NRE account then you dont pay taxes on FDs in India, however ideal way is when you file taxes in USA, whatever profit gains you earned through out that year , you have to add to your income in USA and file taxes. This is called global income

Again if the income is too high like more than 3 lakhs in india which i believe you should start declaring at some point, please check with tax attorney here

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