Tag
retirement-accounts
2 posts tagged retirement-accounts
- NRI Finance·
Section 89A: how returning NRIs avoid double taxation on 401(k), IRA, and foreign pension withdrawals
Section 89A lets returning NRIs defer Indian tax on foreign retirement account withdrawals until the year the amount is taxable in the foreign country. Without it, withdrawals from 401(k) and IRA accounts face Indian tax the moment you receive them — even if the US already withheld 30% at source.
- NRI Finance·
What happens to your 401(k) and IRA when you return to India: the retirement account decision matrix
Complete guide to US retirement accounts for Indian residents post-return. Traditional 401(k), Traditional IRA, Roth IRA, Roth 401(k) mechanics, the unresolved Roth question for Indian tax, withdrawal strategies, Schedule FA disclosure, and the leave-roll-cash decision matrix.