Returning to India from the USA or living in India as a US citizen with an OCI card? Understand the US–India tax compliance issues you need to consider.

In this episode of NRI Money Clinic, Dr. Chandrakanth Bhat speaks with CA Tanushree Goel about cross-border taxation for returning NRIs and OCI cardholders. The discussion covers NRI vs OCI status, Indian tax residency, RNOR and ROR, worldwide income reporting, US tax return filing, the India–US Double Taxation Avoidance Agreement (DTAA), Foreign Tax Credit (FTC) and Form 67.

We also discuss 401(k) and IRA withdrawals, early withdrawal penalties, US brokerage accounts, retirement tax planning, and options for addressing missed US tax returns through IRS streamlined filing procedures. The conversation briefly touches on FATCA, PFIC reporting through Form 8621 and US home-sale tax considerations.

Have a cross-border tax question? Leave it in the comments. For US tax filing assistance, contact NRI Money Clinic using the details below.

#USTaxation #ReturningNRIs #OCICard #RNOR #DTAA #NRIMoneyClinic