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CPA AND DIRECTOR OF TAX
Indian Americans: Start your own charity to support a cause in IndiaWhat does it take to set up your own US based charity and what should you look out for? Read to know all about it.
US tax returns: 15 June deadline for NRIs living in IndiaIf you are unable to file your return, you can request an additional extension to October 15 by filing Form 4868.
Indian Americans: How to get your 2013 Tax Residency CertificateThe India-US DTAA allows residents of the US who have income from India to pay a lower amount of tax in India provided tax on the same is p...
NRIs missed to file Form 5471? Here's what you can doThe form is triggered if you are a US taxpayer with shareholding or interest in a foreign corporation exceeding certain prescribed limits.
US taxpayer with India shareholding? Don’t forget Form 5471If you missed filing this form earlier, and there is no under-reported income, the good news is that you can come into compliance quite eas...
5 important US tax law changes that will impact NRIsAfter a long debate, the US Congress finally agreed on key tax changes through the American Taxpayer Relief Act of 2012.
Three things Indian Americans should prepare for before the tax year endsAs tax year 2012 draws to a close, it's time for US taxpayers to make the most of current provisions and also prepare for the tax filing se...
NRIs in US: Things to remember while giving gifts in IndiaA new tax on gifts was introduced according to which, tax would be levied, in the hands of the receiver.
India-US tax impact on gifts received by Indian AmericansAny gifts in excess of Rs 50,000 received by an individual, including NRIs, will be taxed in the hands of the receiver.
India –US cross border tax issues on sale of inherited property explainedIf you have reinvested the capital gains in India and saved tax, you will still have to pay tax on those capital gains in the US.
What Indian Americans should do when they inherit property in IndiaIndia does not tax inheritances at the time when such inheritance is received. Tax is levied only on the income generated by the receiver.
Student heading to the US? 3 tax rules to keep in mindThe US continues to be a top destination for students going abroad to study. We will look at the tax implications for students going to US ...
Living in India? Think before getting a US green cardIt is very important for individuals to assess the consequences before they apply for their Green Card.
NRIs filing India tax return: Don't forget deemed rentIf a taxpayer owns more than one house, one of them will be deemed as self-occupied and the other one will be deemed to be given on rent.
- How NRIs’ India mutual funds are taxed in US
If you are an Indian American, Uncle Sam is going to want a share. That’s because the US tax code collects tax on the global income of its ...
How US citizens and Green Card holders living in India can file taxWe take a look at the implications of foreign income on US citizens and green card holders living outside the US - specifically in India.
Why PPF is not an attractive investment option for NRIsFirstly as an NRI you cannot open PPF account. Secondly, if you live in US or UK, you will have to pay tax there on your PPF earnings.