Hi everyone,
I was working in the US on H1b visa and moved back to India. I have not yet closed down my bank account there as I use it for some loan payments and other things.
I was filing tax returns till the 2008 Financial Year (I moved back in 2009).
My questions -
1. Is it legal/ok to still continue my bank account there?
2. Do I have to file tax returns now for Financial Year 2009? I have no income from the US in 2009 (Note: There are some cheque deposits to my US bank account which are payments for some consulting work I did for US clients but I pay tax for that in India and the clients have not deducted anything at source).
Thanks,
Ram.
I was working in the US on H1b visa and moved back to India. I have not yet closed down my bank account there as I use it for some loan payments and other things.
I was filing tax returns till the 2008 Financial Year (I moved back in 2009).
My questions -
1. Is it legal/ok to still continue my bank account there?
2. Do I have to file tax returns now for Financial Year 2009? I have no income from the US in 2009 (Note: There are some cheque deposits to my US bank account which are payments for some consulting work I did for US clients but I pay tax for that in India and the clients have not deducted anything at source).
Thanks,
Ram.
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