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Taxation of dividends/CGs/interest arising in US for Indian citizen resident in India

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kallu

Software Engineer

71 Points Posted on 04 January 2024

Namaste friends,

I am an Indian citizen and used to live in USA. I had opened both regular bank/brokerage account and IRA (retirement brokerage) account too.

Now, I live in India and am a ROR for tax purposes. How much % tax should I pay to US/India for income generated in US for:

- interest income
- dividend
- capital gains

Thanks for your time!

Replies (2)

Quick Summary

An Indian citizen residing in India as a Resident and Ordinarily Resident (ROR) for tax purposes is seeking clarification on the tax implications of income earned in the US from their previous US bank and brokerage accounts, including an IRA. They need to understand the percentage of tax payable in both the US and India for interest income, dividends, and capital gains generated from these US-based investments.