Posted by: katziman April 15, 2010
question about money
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Consult with the lawyer; I'm sure that there is a way to bring your money here. However, if you bring the money here as a gift, I believe you don't have to pay tax. Otherwise, be ready for some hefty tax to uncle Sam.


@sabaikosathi:  Bro, 1 crore NR is not worth much in Nepal these days - you can barely buy a decent home in Kathmandu. I am not sure if I understood your math correctly, but you can make 80K a month in interest itself if you keep that money in bank. Some banks pay as much as 12% in Nepal; although, you may have to give up your sleeps at night worrying if your bank will still be there the next morning :)

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