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manirahul · Dec 9, 2008, 01:40 PM

I might soon leave India for good (or not sure of any return date).

Have read that Canada govt has ties with US such as if any individual moves back to Canada after ex-patriation for some period, the US 401K money could be rolled over into Canadian 401K account without penalty or fines or taxes.

Do you know if US Government has any such ties with India for rollover of 401K amount to Provident Fund account in India?

Greatly appreciate your help in advance.

Rahul

AtlantaTaxExpert · Dec 9, 2008, 02:22 PM

Rahul:

I do not know for sure, but I have NOT heard of any such agreement with India.

Perhaps IntlTax or TTE knows of such an agreement?

IntlTax · Dec 9, 2008, 02:28 PM

I am not familiar with rollover provisions from 401(k)s or IRAs in any U.S. tax treaty, including the one with India.

AtlantaTaxExpert · Dec 9, 2008, 02:41 PM

Thanks, IntlTax! That is what I suspected, as I had not heard of any provisions for transfer between pension plans in different countries.

My original post on the transfer to Canadian IRAs or pension plans was from THREE years ago; it turns out to be erroneous. Since then, my research has revealed no such transfer provisions between the U.S. and Canada or between the U.S. and India.