I am in my first H1B and staying in US from May 2013. I applied for an extension on September 2015 and got the petition approved for 1 year, which is basically I have I797 valid till September 2016. I don’t want to apply for another extension for now and travel back to India due to personal reasons. Now I have 2 questions.
If I dont apply extension, my current I797 expires and is it possible to apply extension from India after say 1 year? Am I still be exempted by cap?
If the answer for 1st question is positive, is it also be possible to transfer the visa/petition if I change the job in India , apply for extension and still be exempted by cap.
Please let me know, your help is much appreciated.