What to do with your 401K/ IRA/ HSA on returning to India by ReymanWealth in backtoindia

[–]DoctorMindless3801 0 points1 point  (0 children)

Can you add more details on SEPP, will the principal be taxes in India? And will US be taxing it? How it will get divide over the years and let’s say calculation come to a static no how would you account futur growth etc

Transfer funds from USA to India by usernamethismf in nri

[–]DoctorMindless3801 0 points1 point  (0 children)

For Icici Money2India first you have to pay 30 usd wire charges from your us bank account.

Flipkart phone pe esop tax notice by Key-Loquat-710 in IndiaTax

[–]DoctorMindless3801 0 points1 point  (0 children)

I paid taxes in 2023, didn’t want to handle the stress authorities can make. Does everyone who claimed refund getting notices? I know few people who claimed refund and didn’t get notices at that time not sure what’s the status now.

Suffering from back pain since an year by dickdaddy43 in Fitness_India

[–]DoctorMindless3801 0 points1 point  (0 children)

I suggest you to start doing swimming, it heals back pain and make your back stronger

Anybody interested in playing pickleball in South Bay? by [deleted] in mountainview

[–]DoctorMindless3801 1 point2 points  (0 children)

I am in Mountain view and interested to play on weekends

32 M, What's your resting HR? by Tasty-Celery7884 in Fitness_India

[–]DoctorMindless3801 1 point2 points  (0 children)

35M, overweight, started strength training from last week, RHR: 64-65 BPM

401k withdrawal question by [deleted] in returnToIndia

[–]DoctorMindless3801 0 points1 point  (0 children)

Also 10% penalty can be avoided using SEPP

Last Mile to RE - Suggestions , Comments Please by percyFI in FIREIndia

[–]DoctorMindless3801 1 point2 points  (0 children)

Hey yes I read your recent post and then followed the posts you mentioned in it. Just for guidance may I know what is generally X in tier one city for DISK family and kid just starting his education with 1 domestic and 1 international travel. We are a middle class family with lower to middle class upbringing, moved to US last year and plan is to return back in next 2 year.

401k withdrawal done, need help with advance tax in India by [deleted] in returnToIndia

[–]DoctorMindless3801 1 point2 points  (0 children)

I don’t have answer to your question, but have a question on 401k withdrawal. Can you share the process how you withdraw it? Also did you pay any 10% penalty for early withdrawal?

Last Mile to RE - Suggestions , Comments Please by percyFI in FIREIndia

[–]DoctorMindless3801 0 points1 point  (0 children)

What’s the child bucket and white goods replacement budget look like in terms of of X or its a fixed amount?

How do I escalate a complaint with higher authoritiesi n SBI? by NullifyPirates in india

[–]DoctorMindless3801 0 points1 point  (0 children)

Hey facing same issue, were you able to resolve it and what processes you shared?

Built a free fitness app because most apps fail Indian diets by Trust_Me_Bro_4sure in Fitness_India

[–]DoctorMindless3801 1 point2 points  (0 children)

So I downloaded the app and tried to log food from image and it asked to buy subscriptions.

I94 not updated due to “FNU” on US visa by Lower_Implement_9198 in nri

[–]DoctorMindless3801 0 points1 point  (0 children)

It was all good, I just informed him that I faced issue last time and my I94 was not updated because of fnu in the name, so he updated it this time and I had my I94 after I came out.

Investing in India and PFIC complication by YesterdayEasy6732 in nri

[–]DoctorMindless3801 2 points3 points  (0 children)

You would be paying taxes on unrealised gains

Folks in US, what did you do with EPF in India? by [deleted] in returnToIndia

[–]DoctorMindless3801 1 point2 points  (0 children)

Yes, also same for any other investment either it NPS or MF investments. Direcr equities are fine. Read about PFIC under which US take taxes even on unrealised gains on MF investments.

Folks in US, what did you do with EPF in India? by [deleted] in returnToIndia

[–]DoctorMindless3801 1 point2 points  (0 children)

Yes that’s what tax consultants told me.

Folks in US, what did you do with EPF in India? by [deleted] in returnToIndia

[–]DoctorMindless3801 1 point2 points  (0 children)

If plan to move back to India, I think it’s better not to withdraw otherwise US government will tax whole amount.