r2i forum

Dear Indian6, You can file MFJ, please note by doing so, you will be required to report the global income for your spouse as well, along with that all the required compliance needs to be done for FBAR, FATCA filings etc. I hope the above helps. We provide both US and India tax filing and planning ...

Dear All, We, KKA, the tax experts provide both US and India tax planning and filings services from India, and are assisting more than 300 plus clients. You can drop us an email with your tax queries on [email][email protected][/email] or visit us at [url]www.kkassociate.com[/url] for more ...

Dear Member, Moving expenses can be claimed by you on Form 3903 while filing your 2014 US tax returns, the amount reimbursed will reduced from this moving expenses and the balance will be allowed as a deduction. The loss of rent will not be a part of Moving Expenses. Regards, KKA US and India Filers ...

Dear Member, Income earned from RFC fixed deposits is tax free in India under section 10(15)(fa) of the Act during the RNOR period. The same would be taxable during your ROR period. You need to estimate your tax liability on this income based on your tax rate for the previous years and make the ...

Dear sks74, Land is a non depreciable asset. Only Building is depreciable. Regards, KKA US and India Tax Filers and Advisors, [url]www.kkassociate.com[/url] [QUOTE=sks74;593616][B]How to find out land cost of Flat? [/B] I have a rental flat in Pune which I put on rent last year. I know how much I ...

Dear usaind, Since you are Non Resident of India, you just need to report the income accrued and arised in India, the US Stocks options would not form the part of your total income in India while filing your FY 2014-2015 India Tax returns, Regards, KKA US and India Tax Filers and Advisors [url]www ...

Dear Member, Assuming you being resident of United States, you need to report your global income, hence the Capital gains arising from Sale of Shares which are US Stocks will be subject to US Capital Gains. Based on the 1099 issued by the Financial Institution you will be reporting the same your Tax ...

Dear Bigdada, From the little information which is given, the transaction will be subject to taxation in India, now whether it will be capital gains or ordinary income tax will depend on how the sale is done. For eg: 1) Is the Building been sold separately. 2) Is the business a private limited ...

Yes, you can claim the Mortgage Interest paid on the Rental property, refer Section 24 of the Income Tax Act, 1961. Regards, KKA US and India Tax Filers, [url]www.kkassociate.com[/url] [QUOTE=shankar37;578165]I understand that the rental income from the us house is taxable my question is can I also ...

Dear Indus, We provide both US and India tax filing and planning services, you can send us your details on [email][email protected][/email] or visit us on [url]www.kkassociate.com[/url] Regards, KKA US and India Tax Filers and Advisors [url]www.kkassociate.com[/url] [QUOTE=indusinhyd;580316]As ...