SOHO WEALTH | RETURN-TO-INDIA FINANCIAL CHECKLIST
Prepared 9 October 2026
Guide: https://www.sohowealth.in/insights/h1b-return-to-india-financial-planning

BEFORE DEPARTURE
[ ] Confirm immigration deadlines with a qualified US immigration attorney.
[ ] Compare staying, a temporary India move and a permanent return.
[ ] Budget both-country spending, relocation, debt, schooling and healthcare.
[ ] Establish accessible transition cash and dollars for continuing US obligations.
[ ] Inventory accounts, investments, retirement balances, property and liabilities.
[ ] Download tax returns, statements, cost-basis records and RSU grant/vesting records.
[ ] Ask US institutions about Indian addresses, account access and trading policies.
[ ] Review 401(k)/IRA retention, rollover and withdrawal options with tax specialists.
[ ] Map US and Indian tax residency separately from visa and FEMA residency.
[ ] Compare selling or renting the US home using net costs and realistic vacancies.
[ ] Review employer-stock concentration, vesting and exercise deadlines.

ON RETURN
[ ] Notify banks and complete applicable NRE/NRO redesignation and FCNR/RFC checks.
[ ] Update investment KYC, tax-residency declarations and contact details.
[ ] Establish secure account access and authentication from India.
[ ] Arrange health cover and review exclusions and waiting periods.
[ ] Match near-term rupee spending and continuing dollar obligations to liquid funds.

FIRST TAX-FILING CYCLE
[ ] Confirm relevant US federal/state and Indian filing obligations.
[ ] Assess RNOR eligibility using actual travel history, not a fixed-year assumption.
[ ] Review foreign-income/asset reporting, treaty relief and foreign tax credits.
[ ] Check foreign retirement-account elections and deadlines for the relevant year.
[ ] Review PFIC/Form 8621 issues before Indian pooled investments if a US person.

AFTER THE TRANSITION
[ ] Revisit goal currencies, asset allocation and employer concentration.
[ ] Coordinate wills, beneficiaries and US-situated estate exposure with legal specialists.
[ ] Maintain a secure account inventory and lawful family-access arrangements.
[ ] Reassess the plan when employment, residency or family goals change.

SoHo Wealth: https://www.sohowealth.in/services/nri
Portfolio review, investment distribution and documentation coordination.
Educational checklist; not individual immigration, tax or legal advice.
SoHo Wealth is a distributor, not a SEBI Registered Investment Advisor.