It’s that time of the year again, a favorite time for any US expatriate — the time to ensure you’ve filed the absurd TD F 90-22.1 Report Of Foreign Bank And Financial Accounts form. It’s a huge waste of time, but one expats are forced to endure or face a fine of up to $500,000 and five years in prison. In addition, it’s a form technically impossible to fill out, as I’ll explain and have explained in the past to my US congressional representatives. Net neutrality? That Senator Dianne Feinstein cares to give me a reply about. But an issue that impacts plenty of Americans she represents, this stupid form? Apparently not worth the time for a response. More on that below, along with my easy advice for dealing with this dumb form, for other American expats who are sick of it.

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I had given a loan to one of my relatives in India through my NRE account. Now my relative is in a position to return the loan. Is it possible to have that deposited to my NRE account ? If so, what is the process and how long does it take ? If it is not possible, what are my alternatives ? (more…)

This is the time of the year when individuals make a dash to submit their investment proofs to their employers. With the deadline for claiming tax breaks closing in, it is imperative to approach tax planning as more than a tax saving exercise. (more…)

Useful tax saving tips for Indian Earnings. (more…)

Protesting PFRDA’s decision to reduce allocation of pension funds to it under NPS for organised sector from 55 per cent to 40 per cent, SBI Pension Funds has made a representation to the regulator.
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Is your plan worthy of your participation? Here are some of the new risks and rewards and what to do about them.
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Protesting PFRDA’s decision to reduce allocation of pension funds to it under NPS for organised sector from 55 per cent to 40 per cent, SBI Pension Funds has made a representation to the regulator.
Continue Reading

Is your plan worthy of your participation? Here are some of the new risks and rewards and what to do about them.
Continue Reading

In a move similar to the Vodafone case, the Bombay High Court has asked the I-T department to file a reply on a notice it issued to SABMiller UK pertaining to the latter’s $120-million acquisition of Foster’s India from its Australian parent in 2006.
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In a move similar to the Vodafone case, the Bombay High Court has asked the I-T department to file a reply on a notice it issued to SABMiller UK pertaining to the latter’s $120-million acquisition of Foster’s India from its Australian parent in 2006.
Continue Reading