I am a citizen of the United States. I came to India 6 months ago for a two years. Would you please answer me these questions:
- Should I now convert my NRE Fixed Deposits into residential deposits or can it be held as NRE accounts until maturity.
- Considering the fact I qualify for RNOR status, what will my tax implications be?
I have a joint NRE deposit account with my wife, should I transfer it to my wives sole account?
Jan. 19, 2018