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Data engineering (azure) ,do they project on azure which have good WLB + Tech stack ,my hands are dirty on azure data engineering side means have sold development experience,how much i can ask ,max what they can give? My current CTC is 3.7, 2 yoe Tech stack : data factory, databricks, synapse, SQL, pyspark, python, Azure SQL db, post gre SQL, cosmos db,power bi,Hadoop basic knowledge
Anyone who can refer me at zs please also comment ZS Associates Deloitte PwC EY KPMG ,with salary range i can gt
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Kamala aunty for the win!
Indian AMCs don’t allow MF investments for Indian NRIs due to tax implications. Your CPA will charge a bomb in preparing your taxes. Proxy it through your parents or relatives if you can.
Some of them allow it
.. is this ok to do? Any tax implications? Should I convert my account to NRE/NRO? If I do that, can I continue to invest in MFs?
All good
You will also need to determine if you will be considered a resident of US for tax purposes. This is dependent on the total length of your stay. If you qualify as a resident, you should declare your world wide income. You may also need to file FBAR and disclose all assets if they are more than 50K on your tax return.
Are you filing as resident in the US? Then you are subject to Taxation on interest earned on your assets in India
No, no only realized gains. Even that if you held the asset for more than a year, then the gains are taxed at 15%(as they qualify for long term capital gains) and not your marginal tax rate
If you stay for more than 6 months continuously , you are considered a “non-resident” for tax purposes in India and should get NRO/E.
You don’t pay taxes on income earned in India unless you are a GC holder or US citizen.
Think M1 summed it pretty accurately here. You either file as a US resident or you don’t. You see don’t file as a resident and pick only certain aspects.
M1 - There is tax and there is dual taxation. When you have a GC or US passport, you pay dual tax. i.e. despite your tax credits in a different country, you pay taxes in the US on the full amount. Countries like China have treaties with the US to avoid double taxation and share credits, but India does not.
Now to my earlier point, you still “Do NOT have to pay taxes in the US for India income”. People need to start filing taxes in India!! One other point you are missing is that if u earn Rs. X in India and your effective US tax rate is 30%, it is much more easier to just pay the 30% of Rs. X in India and have no tax impact in the US for the India income. In other words, you don’t have to pay taxes in US for India income until it becomes necessary (GC or Citizenship). Also, much more satisfying paying taxes to a developing country, rather to a developed country.
Lastly, again, YOU DON’T HAVE TO PAY TAXES IN THE US FOR INDIA INCOME UNTIL YOU HAVE A GC OR US CITIZENSHIP!
@Strategy& - i’m appalled at how
misinformed you are. Can you provide IRS guidance that distinguishes US Citizens and Green Card holders for dual taxation? Please provide some facts or link to prove what you are saying.