Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: Notesfiles $Revision: 1.7.0.8 $; site uiucdcsb Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxn!ihnp4!inuxc!pur-ee!uiucdcsb!jalote 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 References: <922@wanginst.UUCP> Lines: 13 Nf-ID: #R:wanginst.UUCP:-92200:uiucdcsb:141700040:000:812 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.