r2i forum

all - would appreciate any inputs for tax experts with knowledge of both US and India taxes for US citizens working, living and earning mostly in India but having dividend income etc.

thanks again. let's assume i made 80k in india and 10k in capital gains in US. now india deducted close to 30% of my taxes for 80k. when i file in US and add 10k, given i have already paid 30% on 80k, there is no additional tax even by adding the 10k. hence no deduction per say and my actual paid ...

as i read this again, it is clear that this will get taxed at 33% (even with the 15% credit, the 15% was due to US I assume and the 18% was due to India). If i file my US taxes on my total income given I have paid a substantial tax rate on my overall income to India (30%), the capital gains when ...

thanks again. would appreciate recommendations of a CA with international exposure ideally based in Bangalore but open to other locations.

thanks a lot of your response. for my spouse if she had no other income .. does she still pay 20% in india or since she had no income .. she might get away since she did not fall in the income category for greater than 10% taxes as an example?

also - since this was a joint account for me and my wife, how do we deal this in india? do we take this 50:50 in terms of taxes? appreciate the help.

can you explain the comment to credit up to max 15% please? and the 18% tax? i was not able to understand that.

all - one of my tax inefficient funds (i have gotten rid of it now) declared a capital gain distribution this year. I am a ROR living in India (US citizen). Does India tax this or given this is long term capital gain, this is exempt from taxes? would appreciate a response.

for a US citizen living and earning in india and having some dividend / interest income in US .. does it matter which filing is done first? india or US? i have always been confused with this in terms of where to get the credit from. logically i think india gets filed first and then when filing US ...

quick question - is this in the normal tax form for India or is there a separate form for reporting these peak balances?