401 Rollover to Indian PF
I was told that if we rollover to a tax deferred scheme in India, then we don't need to pay addiitonal 10% income tax as penalty. But the questions:
1. Is PF a tax deferred scheme.
2. Is there any other tax deferred scheme in India that is accepted by 401k scheme...
Q1. I entered US on 2/10/03 with a visa on Employer A with a validity upto 1/2/06 and have not gone out since then. My H1B has been transferred meanwhile by another employer with a validity upto 1/30/08. If I want to go out to Canada or mexico, I am afraid it will take 4 weeks to get visit visa...
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