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Indian American Medical Association - Illinois

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Lecture by Rajesh Dhruva

  • Wednesday, August 09, 2017
  • 7:00 PM - 10:00 PM
  • Saffron Restaurant 6200 Cass Ave, Westmont, IL 60559
  • 0

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Mr. Rajesh Dhruva will discuss current-status of tax filing requirements in India and USA. The presentation will include topics such as:

 

USA TAXATION:

• US Tax Laws for NRIs who have income and financial assets in India

• Options are still available to those NRIs who have not yet declared Indian income & assets to IRS

• How to opt for Streamlined Domestic Offshore Procedures (SDOP)

• Detail procedure and penalties (minimal) for SDOP

 

INDIAN FOREX & TAX LAWS:

• Who is considered NRI

• Can NRI purchase Real property in India

• Can NRIs bring back to US (repatriate) sale proceeds of Real property or Legacies and other funds such as from NRO account

• Can NRIs transfer balances in NRO account to NRE account

• New “Aadhar Card” law and its applicability to NRIs

About IAMA-IL

IAMA-IL is a non-profit professional organization comprised of Illinois Physicians of Indian Origin committed to professional excellence in quality patient care, education, and community healthcare

Contacts

E-mail: office.iamaill@gmail.com
Phone/Fax:1-630-522-3990
Address: 6853 Kingery Highway, Willowbrook, IL 60527


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