How US NRIs Can Avoid Heavy PFIC & FBAR Penalties on Indian Investments?
US-based NRIs investing in Indian mutual funds and stocks must comply with PFIC and FBAR rules or risk severe IRS penalties. This guide breaks down the reporting requirements for FinCEN Form 114 (FBAR) and Form 8621 (PFIC), helping NRIs avoid excessive taxation.
Published: 14 April 2024
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