What are the different tax benefits available to US expats on India income such as salary, bank interest, dividends etc ? As a US expat living outside USA, a taxpayer may have various sources of income such as salary, bank interest, dividend which are earned and received outside the United States. Being a US citizen, you will…
Should India dividend income be taxed on US tax return? In this article, let us see how India dividend income is taxed on US tax return. Current India tax rules Dividend income is not taxed in India as per the prevailing tax laws. Therefore you do not pay tax on dividend income earned in India….
Yes, a US person (resident, citizen or a green card holder) can definitely receive gifts from a foreign person, say from his relatives in India. A general rule is that , a foreign gift (money or other property received) received by a U.S. person is excluded from his gross income. However, a gift to a U.S. person does…
