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    sundarag's Avatar
    sundarag Posts: 1, Reputation: 1
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    #1

    Aug 7, 2006, 07:46 PM
    Moving to India - Tax question on investments
    Hello
    I will be moving to India in summer of 2008. I have close to 50K invested in mutual funds. What are the issues I need to worry about in terms of taxes? Would it be better to move the investment to India to avoid complications? This would not be my preferred choice since some of the funds were bought as a long term investment plan. But, if it is going ot reduce head aches, I will consider it. Any insights would be greatly helpful.

    Thanks
    Sundar
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 8, 2006, 03:51 PM
    Sundar:

    There is no reason to move the funds to India.

    Given modern communications and e-mail, you can maintain the account in the United States and manage from India.

    There may be some withholding on dividends and/or capital gains distribution at a 30% withholding rate, but you will get it back when you file a U.S. tax return.
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