Bought a under construction property on H1B (USA), got permanent residency in 2010, got house possession in 2011, paid the house now through a NRE/NRO account, if I sell the house now,
- what taxes I need to pay in India
- What taxes I need to pay in USA
- My accountant never asked or reported the bought property in taxes- should he reported in taxes?Did he do wrong not reporting
- should I report the property in my next year taxes?
- Can i bring the money back if needed?
- If I rent the property instead of selling, do I have to report the income and what income?
- should I be filling taxes on the rental income in India or just in USA or both