National Pension Scheme (NPS) is a retirement account in India similar to 401k in US. If someone has a NPS account with money in it, and they become US tax resident, how it will be taxed.
- One needs to pay tax on global income in US. But is this considered income or foreign stock investment ?
- Does asset allocation leads to change in asset it is considered ?
- One does not gets interest but a NAV. How will income be calculated ?