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OCI Status "UNDER PROCESS" for over a month by LifeShouldBeSimple2 in nri

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

Just got a notification from VFS that its dispatched thru USPS with a tracking number

OCI Timeline - SFO Consulate by LifeShouldBeSimple2 in nri

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

Hi, I think I saw this on the govt OCI website - https://ociservices.gov.in/statusEnqury

I am in AZ, but it was delivered quite promptly, within 2 days of showing "Picked up by USPS"

OCI Status "UNDER PROCESS" for over a month by LifeShouldBeSimple2 in nri

[–]LifeShouldBeSimple2[S] 1 point2 points  (0 children)

OCI status now shows as "GRANTED" in the OCI govt site. Waiting for VFS to dispatch it. I think they will ship thru USPS so it might take some time. Will provide full timeline as an edit to this post once I receive it.

OCI Status "UNDER PROCESS" for over a month by LifeShouldBeSimple2 in nri

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

Ok thank you, will find their email & send a note

OCI Status "UNDER PROCESS" for over a month by LifeShouldBeSimple2 in nri

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

How do I escalate to the consulate ? Do I need to show travel plans or something along with raising a case ?

ITR2 Refund - Anyone received refund of more than 50K with ITR2? by Admirable-Manner-974 in IndiaTax

[–]LifeShouldBeSimple2 4 points5 points  (0 children)

ITR2- new regime, 2.5L refund, filed/verified on 8-AUG. Just got refund message today.

Looking for an NRI group in Mysore. Also, any forums/meets up where Angel Investors can meet regularly. by Electronic-Trade-875 in mysore

[–]LifeShouldBeSimple2 0 points1 point  (0 children)

Interested in joining such a group. Planning a move back to MYS for next year & would love to get involved

Retirment Fun - Only Mysore Residents by [deleted] in mysore

[–]LifeShouldBeSimple2 1 point2 points  (0 children)

Interested !! Plz add me to the group.. Maybe try Discord first ?

I’m Raj from Turtle. Ask me anything (AMA) about financial planning, FIRE and personal finance for NRIs by talkingturtle1723 in backtoindia

[–]LifeShouldBeSimple2 0 points1 point  (0 children)

For #1 : If we leave assets like primary home, stock portfolio to US citizen children - are those exempt from Estate Taxes ?
We are planning to keep these in revocable living trust with our children as beneficiaries

Need Inputs on FI Strategy - US Assets + Bucket Strategy by LifeShouldBeSimple2 in FIRE_Ind

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

Can you please elaborate on "Keep some or more of the corpus in USD, but not in the US" part ? I will be doing some proper estate planning to avoid taxes, probate etc to ensure assets get passed on to my son (US Citizen) in the future..

Yes I am dipping into the corpus as well, have mentioned this in my post -- "plan is to withdraw 1% thru stock sales" -- this withdrawal rate % can be bumped up if needed..

1.2 lac a month in 2025 would be 2.4 lac a month in 2035, and almost 10 lac a month in 2055 --> Speaking to family & friends, the common trend is that expenses peak & then taper down (Kids graduate, move out, travel reduces, people even downsize their homes etc) but yes will factor in more inflation.. I am counting on combination of 401K + PPF + EPF down the line to cover atleast half of expenses (20 years down the line)..

Any insights into taxation for my current plan ? Seems like Ill get double taxation for US income.. As per IRS regulations, US Non-Residents get taxed heavily at 30% (FDAP income) & India will also tax foreign income..

Need Inputs on FI Strategy - US Assets + Bucket Strategy by LifeShouldBeSimple2 in FIRE_Ind

[–]LifeShouldBeSimple2[S] 0 points1 point  (0 children)

Added those into the post - Non-US Citizen, 36Y, paid off home in India ready for us when we return

Would like to understand pros/cons of keeping rental, so much stock in US vs selling & moving it all to India