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From: jalote@uiucdcsb.Uiuc.ARPA
Newsgroups: net.nlang.india
Subject: Re: Returning Home...
Message-ID: <141700040@uiucdcsb>
Date: Wed, 21-Aug-85 13:35:00 EDT
Article-I.D.: uiucdcsb.141700040
Posted: Wed Aug 21 13:35:00 1985
Date-Received: Sat, 24-Aug-85 14:49:25 EDT
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Nf-From: uiucdcsb.Uiuc.ARPA!jalote    Aug 21 12:35:00 1985


I think a discussion like this will be very useful, for all interested people.
I myself have though about many of these issues, without getting many answers.
It occurs to me that maybe we should contact someone in the Indian Embassy,
and they should have many of the laws. I am going to explore this.

ONe thing I know. YOu can keep your dollars abroad, provided you declare them.
Have to check about what happens to the interest earned. If it can only be 
taxed in the US, then there is a good reason to keep it here, besides the fact
that you keep your foreign exchange intact. If you are earning in India, the
interest here would be become tax free (unless you earn a lot), and you will
not have to pay taxes in India, which you would if you earned the interest in
India.  This could be substancial, I think.