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Planning to move back to India from the USA? Before making the big decision, understand the financial, tax and immigration implications of returning to India Many NRIs and US returnees assume that moving to India will automatically reduce their expenses, eliminate US financial obligations and make retirement easier. But the reality can be very different. In this video, we discuss 10 common misconceptions about moving back to India, highlighted by former Tesla professional and US-return entrepreneur Gaurav Dutta.


क्या आप अमेरिका (USA) से भारत वापस लौटने की प्लानिंग कर रहे हैं? अगर आपको लगता है कि भारत आते ही आपका खर्च आधा हो जाएगा, US की टैक्स जिम्मेदारियां खत्म हो जाएंगी और ₹5 करोड़ की सेविंग्स से आराम से Retirement हो जाएगी, तो आपको कुछ जरूरी बातें जाननी चाहिए। इस वीडियो में समझिए US से India लौटने से जुड़े 10 बड़े Financial Misconceptions। पूर्व Tesla प्रोफेशनल और US Return Entrepreneur गौरव दत्ता ने बताया है कि भारत वापसी से पहले किन Financial, Tax और Immigration पहलुओं को समझना जरूरी है।


#NRI #USReturn #IndiaReturn #TaxPlanning #RetirementPlanning #401k #GreenCard #PersonalFinance #GoodReturns

~HT.96~PR.474~GR.506~HT.96~VG.HM~

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Transcript
00:00If you think that you will think that you will be able to get the financial benefits of the United
00:08States,
00:08and some crore-rups savings, you will be able to retire,
00:12then this video is for you.
00:14Because if you think that you are so easy to think,
00:17you will be able to get things sorted out.
00:20A U.S. Return Entrepreneur,
00:23has been having 14 common misconceptions.
00:26And the most important thing is that India is cheap.
00:31That is very cheap.
00:33But what is it is true?
00:35Let's talk about this video in detail.
00:39The first and the biggest thing is that
00:43you can buy a luxury life in the dollar.
00:48The one who worked in Tesla,
00:51says that this is not right.
00:54Yes,
00:57certainly,
01:01it is no one without a deposit.
01:04But where you don't have the money,
01:06you don't have the benefits of this room.
01:11You just need the money,
01:15that you don't have the money,
01:16you don't have the money,
01:16you have the money you need to get,
01:18you do not have the money.
01:18Have you got the money,
01:19your money you need.
01:23Just currency conversion so that you don't need to make money, you will need to make money.
01:30Let's go to another video, which is US Return and Arise.
01:34First of all, we will see the tax bar.
01:37This may be very difficult, because in the past, you may be able to reduce your tax residency.
01:44How many days you live in your income?
01:46How many you have?
01:47How many you have?
01:48How many you have?
01:53This way, NRE and NRO accounts must also be understood.
01:56When you become a resident in Thailand, you can change the status of your account.
02:00Fema also has no value.
02:02So, first of all, talk about a cross-border tax advisor.
02:07Especially if you have US stocks, RSUs, Retirement Accounts or Rental Property.
02:13Some people think that in Thailand, you will have to buy a home from America.
02:17This is not necessary.
02:18You can also own and manage the rental property from America.
02:22But this doesn't mean that the tax benefits of the US will be destroyed.
02:27Rental income per tax return, property management, maintenance, insurance and other things.
02:31And this is not necessary.
02:32It should be a choice of tax tax, where the tax is not necessary.
02:34And if you have to buy a home from America.
02:37You'll have to have a home from America.
02:38You will have to buy a tax advisor that the tax is zero.
02:39And this is not necessary.
02:43As you, you will have to pay for tax the tax advisor.
02:51You will have to buy the tax advisor.
02:52There are also rules for the home sale.
02:55And if you may have to buy the tax advisor.
02:59Do you want to take 401k? No. If you take 69 years of money, then you can take 10%
03:16additional penalty.
03:19Yes, there are some exceptions, like disability, moth, or some special circumstances.
03:24But I am going to go to Thailand, so I am going to cash out. This is no exception to
03:30you.
03:31So, do you think what you need to do right now?
03:34Do you want to reinvest this in Thailand?
03:37Do you want to make your US retirement account better?
03:40This will depend on your income, tax status, long-term plan.
03:45Now, let's go to the other misconception. Green card.
03:49When I want to come, I will come to the US.
03:51US-CIS, you can take a long time to go out of the US.
03:58If you are not going to make a permanent home, you can take a long time to go out of
04:06the US.
04:06.
04:07For 1 year, there is a re-entry permit for absence, and for 2 years, the re-entry permit will
04:15expire.
04:17If you are a green card holder and you are going to go for long time, first do you plan
04:21with the immigration attorney or expert.
04:24If you take the US citizenship, this is wrong to believe that the British will get back to you.
04:31The British will not do dual citizenship.
04:34The British will not do the same as the British and other countries.
04:38Yes, the OCI, the Overseas Citizens of India, is a option.
04:45But the OCI will not understand dual citizenship.
04:48This is not the same as the voting rights as the political rights.
04:52This is why the citizenship will be long-term results.
04:57In the US, you will not change the credit history of your civil score.
05:03In America, your excellent credit score will not be able to help you with loan, credit card or home loan.
05:10You will also have a financial history.
05:13Bank accounts, credit cards, utility bills and EMI or bill payments.
05:18So, if you want to buy a business loan, if you want to buy a business loan,
05:22then you will need your credit strategy.
05:25Many people think that there will be treatment in the US,
05:28so insurance will not be able to buy the insurance.
05:30But this will also be a risk.
05:32The health insurance policies will also be a waiting period and pre-existing conditions.
05:43Here it will only be a risk reduction,
05:51So, you would also need to pay back a business loan from the home loan,
06:06when it comes to school,
06:06then you will need to apply the insurance decision to help the insurance business.
06:06as the answer is how much reliable income has every month without working.
06:11You will see the monthly lifestyle cost of your monthly life,
06:16inflation or the money,
06:18medical expenses,
06:20education,
06:22home,
06:22emergency fund.
06:26This is a great start.
06:28But the sustainable monthly income
06:30and the right withdrawal strategy is more than the need.
06:33So, if you are planning to go to USA, India is cheap, or I have a lot of savings for
06:40your assumption.
06:42Tax residency, NRE, NRO status, USA assets, 401k, green card, citizenship, credit score, health insurance, and future monthly income.
06:52This can be a good decision for you.
06:57But this is an emotional decision and financial decision.
07:00Plan and come so that you don't have to be sustainable.
07:05If you liked this video, please like and subscribe.
07:09Don't forget to comment on what the biggest concern you have in this video.
07:14So, let's get started.
07:16In this script, the misconceptions that are used to be used with normal tathya.
07:22This is the case of 401k, early withdrawal, penalty, green card, absence, and dual citizenship.
07:31These are all known as normal.
07:32But you don't have to be able to pay tax or immigration.
07:37So, if you want any of this kind of law or any of this kind of law,
07:41then take your attorney and financial advisor to your attorney.
07:46.
07:47.
07:47.

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