Do I need to declare my US account in ITR?1 min read 08 Jan 2023, 10:22 PM IST
It is assumed that the 401(K) account is a personal pension account in the US in which both the employer and employee contribute during the period of service. It would be prudent to disclose the details of the 401(K) account in the FA schedule.
I worked for a few years in the USA, where my employer provided the 401(k) account. Now, I am a resident Indian. However, I still maintain that account and want to know whether I have to declare this in my income tax returns (ITR)?