Search found 3 matches
- Tue Jul 31, 2012 8:57 pm
- Forum: TAT Admin Office
- Topic: US PFIC Taxation Summary by Bobus
- Replies: -1
- Views: 0
US PFIC Taxation Summary by Bobus
Correction: The above approach I mentioned "may" not work because of the Double Taxation Avoidance Agreement India and US have. It "may" work if you can prove that funds invested in the debt funds are from income earned in India.
- Wed Jul 18, 2012 5:59 am
- Forum: Community Lounge
- Topic: Is 2011-2012 Tax filing for male NRIs if income from India is less than 1.8lacs
- Replies: -1
- Views: 4
Is 2011-2012 Tax filing for male NRIs if income from India is less than 1.8lacs
My income from India is interest from savings bank accounts, fixed deposits, dividends from equity mutual funds. All of these are around 1.6 lacs. I am considered a non-resident Indian for 2011-2012 tax year(April 1, 2011 to Mar 31, 2012) 1. Since I am working overseas, I do have bank accounts in ...
- Mon Jul 16, 2012 4:54 am
- Forum: TAT Admin Office
- Topic: US PFIC Taxation Summary by Bobus
- Replies: -1
- Views: 0
US PFIC Taxation Summary by Bobus
[QUOTE=nehad;460478]I have gone through several threads on this forum on the issue of PFIC with Indian Mutual Funds; and thanks to the great post - I have gathered good understanding on the PFIC topic - but have 1 outstanding quesiton which I am hoping you can answer. I have a US citizenship; and am ...