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End of the year Tax Compliance for NRI’s in the US

End of the year Tax Compliance for NRI’s in the US Tax compliance it is no secret, that a considerable number of Indians move out to other countries in the search of better opportunities. This obviously means that they are now liable to pay taxes in the new country that they have moved in to. [...]

NRI with Green Card in the US, what not to forget while filing your taxes this year

NRI with Green Card in the US, what not to forget while filing your taxes this year The income tax system that currently in motion in the United States of America, requires corporation, trusts, estates and individuals to pay taxes. If you are an NRI, you must also pay taxes to Uncle Sam. Irrespective of [...]

What is the difference between Form 8938 and FBAR form in terms of reporting of Foreign Financial Assets?

What is the difference between Form 8938 and FBAR form in terms of reporting of Foreign Financial Assets? FBAR, FATCA, these are some of the acronyms that might confuse a lot of taxpayers. Especially when it comes to foreign financial assets, which one should a taxpayer choose and why. Form 8938 The HIRE Act was [...]

What Is IRS Form 1099-INT: Interest Income?

What Is IRS Form 1099-INT: Interest Income? Tax filing season can be stressful, to say the least. With several documents, investments, proofs and bills to take care of, various Forms can make things a bit more overwhelming. Thus, the golden rule of starting early always pays off. When you start early, you have additional time [...]

What is US Tax Form 1040 – Foreign Tax Credit?

What is US Tax Form 1040 – Foreign Tax Credit? The taxation system in the US taxes its taxpayers on their global income.US Tax Form 1040 Since there are chances that taxpayers could have paid taxes for income in the respective countries, the Foreign Tax Credit system is more useful than one might think. By [...]

2019-06-18T11:00:51+00:00May 2, 2019|Blog, Tax Planning, Tax Preparation|0 Comments

The income tax complication with the financial New Year for the NRI’s residing in the US

The income tax complication with the financial New Year for the NRI’s residing in the US As India is developing rapidly, globalisation has resulted in more opportunities. Stronger economic ties with developed markets like the US has made many Indian’s studies and work overseas. Such Non-Resident Indian’s living in the US, juggle between two different [...]

2019-06-18T11:07:01+00:00April 30, 2019|Blog, Tax Planning|0 Comments

How to claim your TDS refund for the NRI’s residing in the US

How to claim your TDS refund for the NRI’s residing in the US TDS refund For an NRI residing in the US, income tax is applicable for the income that is earned in India. Be it salary earned in India or for services rendered to India or on earnings from investments and assets, NRI is [...]

2019-06-18T11:14:16+00:00April 22, 2019|Blog, Tax Planning, Tax Refund|0 Comments

The income tax implications of selling your property in India for the NRI’s residing in the US

The income tax implications of selling your property in India for the NRI’s residing in the US Indian real estate market is the third largest in the world. Attractive real-estate opportunities, RBI’s general permission and falling rupee value against dollars in recent times have created more interest among Non-resident Indians to invest in immovable properties [...]

2019-06-18T11:18:52+00:00April 16, 2019|Blog, Tax Planning|0 Comments

The top 3 things to keep in mind if you are returning to India in this financial year 2019-20

The top #3 things to keep in mind if you are returning to India in this Tax financial year 2019-20 For a non-resident Indian, who lived in another country for many years, the decision of returning to India permanently is never an easy one. There are a lot of considerations to be made for this [...]

2019-06-18T11:24:23+00:00April 9, 2019|Blog|0 Comments

Things to take care of, when you visit India for your annual vacation this summer

  NRI'S Things to take care of, when you visit India for your annual vacation this summer Non-Resident Indians living away from motherland usually plan their trip or vacation to India during winter as they could celebrate some of the popular festivals with family. Many NRIs also plan their vacation in summer as spring is [...]