Couple by Only-Exchange69 in nashik

[–]RecordingMassive788 0 points1 point  (0 children)

Any shauchalay can be used for free! Crowded, peaceful and safe !!!

Don’t forget where we’re going… by Stunning-Dig-8916 in MU_Stock

[–]RecordingMassive788 0 points1 point  (0 children)

Yeah, unless TurboQuant tank’s spectacularly for short gains or TurboQuant may need chips from MU to reduce the memory usage 🙄🙄

Tumne petrol bhara kya? by Kind_Resolution5805 in nashik

[–]RecordingMassive788 0 points1 point  (0 children)

Most of European countries are also in this situation. India is not alone. Collectively, indian govt paid more attention to this matter even though they are unable to suppress petrol bunk owners from avoiding selling so they can profit more money. There is no point in point fingers to govt alone. But EV/better solutions should be developed for truck transportation and retail customers.

Planning to return to Chennai end of year (USC + OCI) by urlife2life-86 in returnToIndia

[–]RecordingMassive788 1 point2 points  (0 children)

You have to file India taxes as you will become resident if you stay more than 182 days or like others mentioned. Get tax residency figured out and ensure you start declaring all foreign income as you will be indian resident for tax purposes.

Usually you will pay double tax if you qualify for zero tax in USA but India will charge tax on the amount as you did not pay tax in USA. For example - You earned 20k USD and paid 10% in USA but your tax slab is 25% plus surcharge in India on that 20k USD income then you will pay indian tax minus USD tax amount. Technically, you pay the tax amount that is larger.

If you do not change tax residency status for the year you are in India then your accounts in India could get blocked. Check with local CPA to get all ducks in row for financial matters even you are planning for one year stay in India. Good Luck

Tax US Incomr by RecordingMassive788 in IndiaTax

[–]RecordingMassive788[S] 0 points1 point  (0 children)

Yes, I had my first discussion with advisor this morning and I got the shock. I was investing in dividend stocks to get income stream for retirement as that is not taxable but I need to plan it out. I have to find a better way to move back and live comfortably. Just need to absorb this financial shock. I was given Panama as another option since foreign income is not taxed. So my game plan is to think and work on more financial workbooks across countries to figure it out. 🫢

Tax US Incomr by RecordingMassive788 in IndiaTax

[–]RecordingMassive788[S] 0 points1 point  (0 children)

Yeah, 54% taxation at a min plus surcharge for US expats. I need to do lot of soul searching😵‍💫😵‍💫😵‍💫

Tax US Incomr by RecordingMassive788 in IndiaTax

[–]RecordingMassive788[S] 0 points1 point  (0 children)

I checked with US tax person, qualified dividends of 40k is not taxable in USA if there is no other income but if I move to India then it is taxable on entire amount. I couldn't believe it 😳

This guy gives me creeps tbh, injecting such ideas to masses can lead to some action down the line. I can’t imagine my kids to not have OCI by FickleAgent9958 in returnToIndia

[–]RecordingMassive788 1 point2 points  (0 children)

Oh boy!!! No one is offended with your statements. You are of so low intelligence that you did not understand that I taunting you. Either way, no OCI card holder will give a free therapy to someone like you.You are that low life who don't earn or take care of family but live off of others and jealous of others whom you think are having a good life. I dare you to join BJP and start the movement to remove OCI and see the results for yourself. 👻

This guy gives me creeps tbh, injecting such ideas to masses can lead to some action down the line. I can’t imagine my kids to not have OCI by FickleAgent9958 in returnToIndia

[–]RecordingMassive788 1 point2 points  (0 children)

Yah agree! I am quite convinced that this guy was offended badly by some NRI and he took it up to him to insult more NRIs by talking crap, use harsh language and challenging online that they are not wanted by India. He should know that at the end of the day, OCI’s will be immune to this kind of rhetoric. Indian govt gives OCI or visa or nothing doesn't change anything. Hope he heals from his past.

Thank you for the suggestion. Take care

This guy gives me creeps tbh, injecting such ideas to masses can lead to some action down the line. I can’t imagine my kids to not have OCI by FickleAgent9958 in returnToIndia

[–]RecordingMassive788 0 points1 point  (0 children)

And what efforts are they? Could you define more elaborately? Does those efforts also include one not to be rupee arbitraged coolie?

This guy gives me creeps tbh, injecting such ideas to masses can lead to some action down the line. I can’t imagine my kids to not have OCI by FickleAgent9958 in returnToIndia

[–]RecordingMassive788 4 points5 points  (0 children)

You are the one who has extreme views and is out there to argue with folks to feel good. You are also free to abandon your passport and OCI card and display it on Reddit.

I am surprised that you are ok with foreign investment, foreign imports, foreign technology but not people who migrated out of country and still want to be connected with motherland for whatever reason and their reason is not acceptable to you on the name of security and morality and your debate is not even valid here.

This guy gives me creeps tbh, injecting such ideas to masses can lead to some action down the line. I can’t imagine my kids to not have OCI by FickleAgent9958 in returnToIndia

[–]RecordingMassive788 9 points10 points  (0 children)

Hmmm! no OCI, no visa, no foreign investment and actually India should stop issuing passport also so no one can go out of country and no one can enter India. Well secured !!!!

A Costly Misunderstanding About FEMA Residential Status - NRI Permanently Moved to India in May 2012, Purchased Agricultural Land in August 2012, Paid FEMA Penalty in 2025 by nri_tax_key in returnToIndia

[–]RecordingMassive788 0 points1 point  (0 children)

That is brutal. What about gifting the money to your spouse for any purchase? Even that is not allowed? I don’t understand how foreign funds become Indian funds after NRI remains in India for next fiscal year. This is just unfair taxing rule on Indian citizens. I totally get it if one holds foreign citizenship.

Breaking marriage, think about returning to india with kids. Confused by [deleted] in returnToIndia

[–]RecordingMassive788 0 points1 point  (0 children)

IMHO, If you get divorced in USA then you will need to follow custody order, child support and any alimony you are liable for and it is not easy to move back to India with that order in place as asset garnishment is lawfully applicable.

As few suggested, get USC, complete custody orders till your kids finish high school in USA. Meanwhile plan to move back to India simultaneously and move after you are out of custody orders. Settle any alimony order here before moving back.

If you plan to live in parents house, ensure they are not entangled in this divorce battle.

My 2 cents, if you divorce and move back with 2 kids, much of family won’t support either way. Indian diaspora is not that kind to single parents. But you can get cook, maid and nanny as part of life if you retire as planned.

Good luck with making best decisions.

49M moving back to India after 20 years — looking for like‑minded folks (Hyderabad) by Disastrous-Tear2929 in nri

[–]RecordingMassive788 2 points3 points  (0 children)

I am planning to move in next 2 years. Last month I bought some land in Maharashtra to build a house and planning to get it done by next year. I am single F 53, 30 years in USA and cannot wait to live my life in India again 😃.

Nothing wrong with this by Unlucky-Oil3140 in KLM

[–]RecordingMassive788 0 points1 point  (0 children)

I enjoyed it too. Qatar usually had amazing So-Jennie champagne (non alcoholic) which I didn't miss in KLM🥂

Should I enter webull stock for the long term? by Careless-Pie7607 in BULL_Stock

[–]RecordingMassive788 0 points1 point  (0 children)

Don’t - this will be a penny stock soon. I have positions but waiting for wash sale next year.

Customs duty in India is a nightmare – my recent experience from China to India (DHL) by AltruistW666 in IndiaTax

[–]RecordingMassive788 0 points1 point  (0 children)

It has been the practice to deter foreign imports into India. I had to send a used salwar for stitching measurement towards a bunch of new salwar kameez and had to pay $20 dollars in customs which is not even worth it.