How can I claim Foreign Tax Credit on interest income in India on US tax return?
You can claim Foreign Tax Credit on interest income in India on US tax return using Form 1116. To read more about claiming FTC, read here Foreign Tax Credit (FTC)
How can you claim a credit of the tax paid on salary in India on US taxes ?
There are several provisions which allow US expats to claim the benefit of taxes paid in a foreign country on his US tax return. One of them is Foreign Earned
Where can I check my tax refund status ?
You can check the status of your federal tax refund with the IRS after 24 hours after the IRS has received your e-filed return or after 4 weeks of your
Tax guidance for US citizens relocating to India
This article is meant to be a broad level tax guidance for US citizens relocating to India. In this article I will explain broadly how the tax system works and
What is the due date for filing US tax return for expats?
Normally, the due date for filing US tax return for expats is April 15th of the next year. However, if you are a US citizen or a resident alien residing
What are the types of NRI bank accounts that can be held in India?
NRIs can have the following bank accounts : Given below is comparison between NRO, NRE and FCNR accounts: Accounts and features NRO NRE FCNR(B) Purpose of Account To park Indian
Does a NRI need to have a PAN (Permanent Account Number) in India?
Every person entering a financial transaction in India is mandatorily required to have a Permanent Account Number. It is the sole identification number for the purpose of tax payments and
Does a NRI need to have a Permanent Account Number (PAN) in India?
Does a NRI need to have a Permanent Account Number (PAN) in India? Every person entering a financial transaction in India is mandatorily required to have a Permanent Account Number.
Categories
- Case Studies (3)
- News (3)
- NRI (20)
- Relocation India-US (2)
- Relocation US-India (3)
- US Expats (26)