Us citizen

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MANISH (Querist)
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19 December 2012 A person was born in USA, thereby she is a US citizen. Immediately after birth her parents shifted to India. She earns interest income in India. According to US tax laws, she has to file return of income in USA as she is citizen of USA. What is the tax relief available to her. At what rate she has to pay tax in USA

CA SAYANTAN BASU

CA SAYANTAN BASU (Expert)
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20 December 2012 Dear sir ,
There is double taxation relief u/s 90 or 91 .The income received by her is taxable both in india and us .................She will get lower tax rate benefit , If US TAX RATE IS MORE THAN INDIAN TAX RATE THEN HE WILL GET THE BENEFIT FOR INDIAN TAX RATE ......LIKE WISE .....US TAX RATE IS AS PER US TAXATION RULES ........

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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20 December 2012 As far as my knowledge there is a very good exemption limit for US citizens not staying in US and earning income from outside USA.

also there is credit available of taxes deducted in India while filing us tax return.

Anuj
Femaquery@gmail.com

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