Indian and American taxation

Tax queries 135 views 2 replies

My friend daughter is in USA.  she and her husband file returns for their income in USA jointly.

Her father in India without her knowledge invested money from his earnings in her name  fiin and fixed deposit and purchased a land constructed a house and is selling the same and he is filing her income tax returns in India.

Sadly her father died last year and now she came to know about the investment .  they approached the same auditor to file in india and he asked tax filing number in USA. 

Query is 

1. So far they have not declared Indian income but tax is paid in India.

2.what will happen from USA tax Purview

3.any penalties either side.

 

Please help

 

Replies (2)

Once go through the D.T.A.A between India and U.S.A.

As Tax is paid based on origin, it shouldn't be a problem only mismatch of details will be an issue because Global income needs to be declared in India.


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