r2i forum

Thanks for the responses!!!

To determine GOI tax: use total rental income, take deductions like tax/maintainence/etc, calculate tax based on slab, then deduct tax paid to IRS.

Hi, I am an OCI, and have rental income from US home. I am trying to estimate taxes I will face in ROR period. I will continue searching the threads to see if this is already answered, but, if any experts can confirm/clarify, will be great! Approximate rental income from USA in ROR period Rent: 2450 ...

Thanks a lot for that clarification!!

What if I am in ROR status, and then sell the home in USA? Will I be taxed only by USA and Not India on the capital gains from the sale?

Best Regards

Hi, I have a home in USA, and am deciding on whether to sell it and bring the proceeds to India before ROR begins. Article 13 of DTAA says "[FONT=Arial]Article 13 [/FONT][FONT=Arial]- [I]Gains[/I] - Except as provided in Article 8 (Shipping and Air Transport) of this Convention, each Contracting ...

Hi, I am desperately looking for a CPA in Chennai, well versed with US real estate implications after R2I. I have a home in US, and I need to make a decision on whether to sell it or not. There are a lot of factors involved and I am lost in double taxation and RNOR period and ..list goes on. If ...