anurag46
Returning Member

Have question regarding Foreign Accounts - What is the Exchange Rate should I consider and what forms should I fill for the Interest that I earned

Hi,

I have question regarding Foreign Accounts :

a) What is the Exchange Rate should I consider for 2021 and what forms should I fill for the Interest that I have earned.

b) I am a joint holder in some of the account with my mother. How does the interest play in that case - Should we divide the Interest between me and my parent as she is also the joint owner.

c) Do I get some benefits if I have already paid taxes in India.

 

Thanks,

Anurag.