It is not much tough to repatriate the sale proceeds from India provided some advance planning is required .So your money and time can be saved.
Up to $ 1 million per year can be repatriated from the sale amount deposited into your NRO account subject to certain procedures.
U.S. citizens and residents with a financial interest in or signature or other authority over any foreign financial account requires to report that relationship by filing FinCEN Form 114 if the aggregate value of the accounts exceeds $10,000 at any time during the year. Failure toRead More
Syriac CPA starts with a complimentary consultation to find out where you are and where you want to be. Call us at (818) 960-9758 to get things started.