NRO bank a/c-Filing of income tax returns

Dear Sir,

My friend who stays in U.S.A wants to know whether he can file taxes from there on line or should he hire someone to do it for him, as he is opening a NRO  bank  a/c in India,wherein the interest earned on any type of NRO  bank a/c in India  are taxed ubder the account holder's bracket.

Kindly let me know whether he can file taxes from U.S on line or should he hire someone to do it for him?

Pls.revert.

Regards,

Ravichander

Replies (2)

 Interest earned on any type of NRO bank account is subjected to tax deducted at source. The assessee must declare interest income on US tax return and file form 1116 to claim foreign tax credit.

Dear Ashish,

Thanks for your prompt feedback & for  the valuable information provided.

Best Regards,

Ravichander

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