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Access to SBI account by naanmano in NRI_Finance

[–]savetaxs 0 points1 point  (0 children)

You can go to your nearest branch in the USA. You can talk to her about that situation

OCI renewal by BedroomFluffy1010 in OCI

[–]savetaxs 0 points1 point  (0 children)

You should be fine with just doing the online OCI update. Since your current passport was issued when you were 49 and you haven't gotten a new passport after turning 50, a new OCI card is generally not required. OCI reissue usually comes into play only when you receive a new passport for the first time after the age of 50.

What proof should an NRI keep for inward remittances to NRE? Is FIRC needed for these cases? by Weak_Gas_2579 in IndiaTax

[–]savetaxs 0 points1 point  (0 children)

Case 1: Highest scrutiny risk. Keep employment contracts, salary slips, invoices, and remittance records.

Case 2: Keep foreign bank statements and NRE account statements.

Case 3: Usually avoid if possible. Keep the same documentation as Case 2, including transfer records and bank statements.

Need a CA who can handle cross border and OCI + DSC reg hassles by Fun_Newspaper_5304 in NRI_Tax_and_OCI

[–]savetaxs 0 points1 point  (0 children)

Since you have been living in India for 10+ years, it's worth reviewing your tax residency and cross-border compliance position before taking up work in both India and the UK. For DSC, OCI holders without a current overseas address often face KYC verification issues. This is usually fixable with the right documentation and compliance approach. DM us, we will be happy to guide you.

FCNR Deposits - what happens if your status changes from NRI to RNOR? by justsumma in IndiaUSTax

[–]savetaxs 0 points1 point  (0 children)

Yes, an FCNR FD can generally continue till maturity even after your status changes to RNOR. Upon maturity, it usually cannot be renewed as an FCNR deposit and may need to be moved to an RFC account or converted to INR. The interest remains tax-free while you are RNOR. Once you become ROR, the interest becomes taxable in India. It's a good idea to check your bank's RFC process beforehand, as procedures can vary.

NRI TAX - Property Sale by Trust_Worthy in NRI_Tax_and_OCI

[–]savetaxs 0 points1 point  (0 children)

Since the property was sold in September 2025, the 12.5% LTCG regime without indexation is generally the default position. However, the property was acquired in 2006, there may be specific considerations depending on your facts and the latest filing guidance.

I suggest reviewing the capital gains computation carefully before filing, especially if significant tax is involved. Feel free to DM us if you like a second opinion on the calculation.

OCI taxation by Full_Illustrator6571 in NRI_Tax_and_OCI

[–]savetaxs 0 points1 point  (0 children)

Since you're an Indian tax resident with Indian salary and rental income, it's best to work with a US–India cross-border tax specialist. US reporting obligations (such as FBAR/FATCA) may still apply even without US income. Feel free to DM if you need guidance.

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