Many people of Indian origin have dreamed about spending more time in India after they retire. Under the changes taking place in the U.S. and Indian tax laws, this dream may result in much higher taxes (sometimes more than double). To understand all the changes that have taken place recently, as well as the severe civil and criminal penalties for non compliance, we are providing a quick snapshot in this article.
We all know that knowing your blood pressure, cholesterol and A1-C numbers are vital to your health and well being. You could live a long life without knowing these numbers, but that is only because you are lucky and not because you are wise. In today's complex world, it is very important to understand FBAR and FATCA. These are vital for your financial health and well being.
MTS Golden Group members in Pearland TX listen with interest to Ranvir “Biki” Mohindra’s (right) presentation on retiring in India. Wed, Nov 16, 2016 PEARLAND – Many seniors have thought about spending their retirement years in India. How practical is it in view of the changing tax policies of both the United States and India? … Continue reading Pros And Cons Of Retiring In India
RANVIR MOHINDRA There are many people who are giving strong opinions about the success or failure of the recent Demonetization in India. The Government will have you believe one way and the Opposition parties in the opposite way. To answer this complex issue question in a more practical and less political way, I think it … Continue reading What are successes and failures of Demonetization?
RANVIR MOHINDRA There is a twin financial revolution taking place in India. The first is Demonetization and the second is the General Sales Tax (GST). No country can operate without being able to raise adequate taxes. The fall of innumerable nations is directly related to their inability to raise adequate taxes. The reasons may have … Continue reading Understanding The Twin Financial Revolution In India