US born child with Indian passport face problems in India
Question: Will US born child with Indian passport face problems in India?
Raju Kanumuri: 1.Yes! you can get a Indian passport for new born child in USA. Once your child is born in USA, you would have the option of applying for an Indian passport for your new born child at the Indian consulate in USA. However, to get Indian passport, you should not have applied for a US passport. If you have already applied for a US passport for your child, then the Indian passport application will be rejected.
Kindly note that even though you may opt to get a Indian passport for your newborn, your child will always be considered to be a US citizen under US law. Unless, on reaching the age of majority, US citizenship is formally renounced.
2.If all your family, including your new born child remain Indian citizens, I can’t foresee any problems your child may face in the early stages. However at some point of time when sensitive government jobs etc. come into play, then there is a possibility that your child’s US citizenship may cause hindrance.
Q: What are the tax exemptions incomes for NRIs?
A: * Interest on NRE & FCNR(Foreign Currency Non- Repatriable) account
* Interest on government-issued savings certificates, notified bonds
* Dividends from shares of domestic companies
* Long term...
Q: Why ITR should be filed by NRI?
A: * If the Tax deducted at source is more than the actual tax liability of the NRI, then refund can be claimed by the NRI only after filling return along with interest.
* If the NRI has incurred any...
Q: What is tax consideration of NRE/NRO account?
A: Considering the interest income in NRE/ NRO Account, NRI can file their return in India. The income of NRE Account shall be exempt whereas, Income in NRO Account shall be taxable.
Q: What are the tax deductions that are not allowed to NRIs?
A: * Investment in PPF
* Investments made in NSCs
* Post Office 5 Year Deposit Scheme
* Senior Citizen Savings Scheme
Q: Can OCI holders open PPF account in India?
A: OCI holders who are living in India are considered to be residents in India. Their status is no longer that of a Non-Resident (NRI). Therefore they can open PPF account in India.
While we are on...
Q: What are the step by step instructions to replace lost OCI card?
A: Before a lost OCI card can be replaced,
Applicants should file a police report. To apply for a replacement OCI Card, applicants will have to provide a copy of the complaint filed with the police....
Q: Can i repatriate funds in the NRI account?
A: The principal as well as the interest of the funds in an NRI account can be repatriated only if a person holds either an NRE account or an FCNR account. In case of an NRO account, only interest...
Q: Are there any prohibitions on the purpose for which loans cannot be taken?
A: The loans cannot be utilized for the purpose of re-lending or for carrying on agriculture or plantation activities or for investment in real estate business.