NRO/NRE accounts - CAD citizen with OCI returning back to India permanently


Jump to Page:
< Previous  [ 1 ]    Next >




MITRON   
Member since: Sep 17
Posts: 249
Location:

Post ID: #PID Posted on: 07-06-21 23:30:46

Canadian Citizen with OCI living in India permanently.

No intention of ever coming back to Canada, gone back to India for good, but will maintain Canadian citizenship and CAD passport, and will live in India permanently as an OCI.

Won't take Indian citizenship, will remain a Canadian citizen living in India on OCI for good.

Only bank accounts in India are currently NRO and NRE accounts.

Do these NRO/NRE accounts have to be converted back to Resident Indian accounts? Or can they be kept as NRO/NRE accounts, due to Canadian citizenship & OCI card?

Since now you're a resident of India for tax purposes, even though you're a Foreign citizen, I am guessing NRO/NRE accounts can't be maintained.

Tax returns will be filled in both countries.



MITRON   
Member since: Sep 17
Posts: 249
Location:

Post ID: #PID Posted on: 08-06-21 05:39:09

Bump





Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: NRO/NRE accounts - CAD citizen with OCI returning back to India permanently

Topic Forum Views Replies
Mr. Massood or Mr. Gian Paul please advise
Question about Canadian Citizenship
Citizenship 2685 6
Indian visa after getting canadian citizienship
Ask Immigration Expert 2238 5
citicenship
Citizenship 1839 5
For people returning to India ( 1 2 3 ... Last )
Life 12357 48
Can the baby travel on mother's Indian passport? ( 1 2 )
General 5614 13
Canadian Citizenship
Life 1756 1
Citizen issue for my baby ( 1 2 )
Citizenship 4459 13
canadian citizen living in india
Citizenship 1901 1
NRI Accounts for Non Indian Citizens
Our Native Country! 2219 0
Advise
Citizenship 1590 1
Canadian Citizen travelling to India ( 1 2 3 4 )
Ask Immigration Expert 5015 21
Citizenship and PIO
Citizenship 1523 2
Overseas Canadian citizen ( 1 2 )
Citizenship 2784 7
Census in India
General 1401 4
Need urgent advise for divorce
General 1999 2
In serious trouble - please help!
General 1748 2
Need help - Tax on Global Income for canadians working abroad
Financial Planning 2105 1
PIO Status for US Citizen who now is a Canadian citizen ( 1 2 )
Our Native Country! 3129 7
NRE, NRO, FCNR account - Need to be closed ? If you move back to India ?
Our Native Country! 7736 6
OCI-Moved back home - What formalities are needed for Tax non residency ? ( 1 2 3 )
Our Native Country! 5000 19
Bank accounts in India ( 1 2 )
Our Native Country! 6188 12
All we need to know about NRE / NRO Account
Our Native Country! 6728 6
NRE & NRO accounts closure on Return back to India permanently. Question??? ( 1 2 )
Financial Planning 7230 7
NRO/NRE accounts - CAD citizen with OCI returning back to India permanently
Financial Planning 1769 1
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.