Money transfer from US to India | Tax Implications
Oct 17, 2021
21 Comments
Hello Blind!
So I had my savings account in India while I was working there, moved to US 3 years ago and now moving back to India.
I am looking to transfer +$100k.
1. Do I need NRE account? If I convert my India savings account to NRE and resume job in India, what will be the tax implication on my Indian salary?
2. Can I or should I keep my US account open?
Appreciate any additional related advices✌🏻
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