Questions tagged [dtaa]
Dual Tax Avoidance Agreement. This tag is to be used for tax related question that pan across more than 2 nations. Please add both the country tags in question.
74
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US state tax as credit in India?
I paid Michigan taxes during my few months' stay in the USA in FY23-24. I am a resident of India for the FY23-24. Can I apply for state taxes paid in the US (Michigan) as a credit in Indian tax ...
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0
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56
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Tax question: W8-BEN - How to fill 2: Claim of tax treaty benefits for Indian who worked in UK for a US company and then moved to India (not working)?
I am an Indian citizen worked in UK for a US company and then moved to India and not working in India for that company but has the stocks from that company.
How to fill the Part 2 in W8-BEN: Claim of ...
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1
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1
answer
62
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Tax Treaty Article in W8 form for salaried Indian employees for selling listed and unlisted equities
I am an Indian citizen and I am employed in India. I have never been US resident or employed in US. I have received listed and unlisted both type of equities from my employers. For selling the both ...
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0
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82
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Freelancing from India to USA Employer - Upwork or USA Local Bank Account?
We are a Private Limited Company based in India. Recently I was working on Upwork with our client and now they are willing to work directly with us.
We have 2 options for payment :
Continue Upwork (...
- 121
3
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4
answers
245
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Foreign tax credit does not seem to prevent double taxation
The foreign tax credit is intended to relieve you of a double tax burden when your foreign source income is taxed by both the United States and the foreign country. The IRS limits the foreign tax ...
- 163
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1
answer
89
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How is income tax residency determined for person staying in multiple jurisdictions in a year
Suppose I stayed in multiple countries in a year for significant durations ( say 3 months each in 4 nations) and further assume that double taxation avoidance treaties are in place so how does one ...
- 802
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2
answers
2k
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How to fill Part 2 - Claim of tax treaty benefits of W8-BEN for a resident Indian who is working as a software contractor for a US firm?
Under Special Rates and Condition in Part 2 - Claim of tax treaty benefits of W8-BEN form, I am not aware of what I can fill in the following fields:
The beneficial owner is claiming the provisions of ...
- 111
2
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1
answer
305
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W8-BEN for claiming treaty benefit on dividends for an Indian resident
I am an individual residing in India and will be filling form W8-BEN, in which I need help in filling the section PartII: Claim of Tax Treaty Benefits (Point 9 and 10):
As of now my tax withholding ...
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4
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0
answers
113
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Working remotely for a Japanese company as a non-resident outside Japan
As the title suggests, I am currently performing remote work as an intern for a Japanese company. I am non-Japanese nationality residing outside of Japan.
Am I subject to the flat non-resident tax of ...
4
votes
1
answer
156
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Tax implications of the interest earned in India
I have some questions regarding tax implications of the income in India from the following sources.
NRE Account (FD and Savings)
NRO Account (FD and Savings)
Mutual Funds
Interest in NRE account is ...
- 151
2
votes
1
answer
98
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Tax- Treaty benefits for USA-India for an Individual who earned Royalty
I have received a royalty from one of the projects I worked on when I was a student at USA University. For the last 5 years, I have moved back to my home country India where I now live and work.
I ...
- 121
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vote
0
answers
52
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Claiming tax credit on non-US income
For tax year 2019, I meet the substantial presence test and so am planning to file my US taxes as resident alien. I left the USA on 1/31/2019, and started working for an Indian company in July 2019. ...
- 1,084
1
vote
1
answer
54
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Indian taxation on US assets after returning to India
I left for the USA in January 2008, and returned to India for an extended period of time on 1/2/2019 with earlier short visits of 15 days each in 2016 and 2018. I started working for an Indian company ...
- 1,084
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1
answer
449
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Capital gains tax for US NRIs for stocks/MF in India
I am an NRI who is a tax resident of USA. I use TurboTax to file my taxes. Irrespective of the filing software, can someone help me understand my tax liability as well as reporting for MF redemption?
...
- 211
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votes
1
answer
182
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Tax implications of freelance income in NRO account for a U.S. H4 EAD holder
It might be a simple question, but I am not able to get a definitive answer to this anywhere.
I live in USA, have an H4 EAD and I do some freelance work while living physically in USA with clients ...
- 33
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0
answers
68
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Do I need to pay tax in the US on funds withdrawn from a pre-existing PF account in India
I have a PF [retirement] account through my employment in India, before moving to the US in Aug 2012. However, there were no fresh contributions made to this accounts during my residency in the US.
...
2
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0
answers
38
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NRA who has unearned income on Form 1042-S
I need to recover taxes reported on a Form 1042-S for my grandchildren who are non native, Native Americans. Under the Dual Tax Avoidance Agreement / treaty between Germany/USA, I submitted a W8-BEN ...
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2
votes
1
answer
2k
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Paying tax in the UK for Fixed Deposit (Term Deposit) interest earned in India on NRE Account?
I am an Indian citizen (Indian domiciled via father's citizenship) currently residing in the UK. I intend to take up permanent residency in the UK when applicable but also continue to use my Indian ...
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1
vote
0
answers
48
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Sale of property in India purchased earlier using US funds and repatriate now to US [duplicate]
I was Non Resident Indians, purchased property in India with funds earned in USA. The funds were transferred from my US account to my In-Laws Bank Account in India.
I am now US Citizen. I am in the ...
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1
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0
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2k
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H1b + Rental income in India and USA
1) As a H1b holder, if I have rental income in India and need help with the following:
a) Indian tax law exempts first INR 250,000 and Indian tax law allows 30% deductions on rental income.
b) When ...
1
vote
1
answer
80
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Dual status US federal taxes
I have been working and living in the US from January 14th until October 19th on an L1 visum. Before this I lived in France and for the rest of 2018 (and later) I will be a working and living in ...
- 111
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1
answer
144
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Tax treatment for India (stay over 182 days)/Hong Kong salary income in a single year
What is the tax treatment for salary earned in India (stayed over 182 days) and Hong Kong? Hong Kong tax rules provide for some standard deduction before computing net chargeable income.
What is the ...
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2
votes
1
answer
988
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How is prize money taxed in India?
I have won a programming competition based in US, and i will be getting $800 from the US based company. They are telling me that they will pay the taxes already and will give me the full amount. Now, ...
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1
answer
1k
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I got a job in Saudi Arabia. What are my tax liabilities in India
I just received an offer from Saudi Arabia but I will be required to be in Saudi for only 4 month in the whole year. So what is the tax implications on the earning that I have in Saudi.
What are the ...
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3
votes
0
answers
62
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UK taxes on US investments with UK resident wife and US resident husband
If my wife moves to the UK for 9 months in the same calendar year and becomes UK tax resident is she liable for our USA worldwide investment income by HMRC?
She does not work, I work in USA. We both ...
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4
votes
1
answer
882
views
Remote work done in New Zealand while on a Working Holiday Visa - who do I pay tax to?
I was in New Zealand on a working holiday visa in early 2017 for about nine weeks - across the last few weeks I was there, I did some remote software development work for a few different clients, all ...
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5
votes
2
answers
4k
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Filling the W-8BEN Form as an Indian Student
EDIT : So, I also opened a thread in Topcoder's Forum and I filled the "Reference number" field as "-" and in the tax treaty section, I just filled my country and all the other boxes were filled with "...
- 153
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votes
1
answer
232
views
VAT on purchasing home abroad (Italy)
I am a US permanent resident considering buying a property in Italy. This will entail a 10% VAT on the home value.
Can I declare this as a tax credit or as a tax deduction for my US taxes? (Please ...
- 500
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votes
2
answers
1k
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Tax liability for NRI's in the US on rent from House in India and investments
Rent If the rent earned from house in India comes within exemption limits and no tax liability is there for the NRI living in the US, does the NRI need to pay any tax in the US (reference-DTAA)?
...
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1
vote
1
answer
68
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How much of tax-paid money can I keep in the US, as an Indian citizen?
I work for a company in India which is listed in the Nasdaq. Recently, I sold some RSUs, the proceeds (after tax deduction at the time of sale) of which is lying with the bank account associated with ...
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3
votes
2
answers
3k
views
What options do I have to transfer money to UK
Some Background
I have been working full time in UK for last 5 years and had been sending my savings through different means e.g. western union, taking with me while flying(undeclared as they were ...
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3
votes
1
answer
208
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Have I committed a crime by not declaring a salary in India while working as an NRI?
I moved away to Europe almost ten years ago. To be honest, my father handled most of the taxation legalities for me. I moved here, began my life and lived live normally. Now that I've married a ...
- 31
5
votes
1
answer
178
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Can I claim tax deductions when I'm living abroad?
I'm moving to the UK for a temporary job transfer and will be renting out my home in California. Since my home will become an income property, I can no longer claim the mortgage interest rate ...
- 51
1
vote
0
answers
79
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After moving to the U.S., how much tax do I have to pay for my income in the U.S.? [duplicate]
I moved to the U.S. on 8th Oct. I will be having total income of around $11,500 in these 3 months.
Currently the tax is being deducted from my income which includes state tax/federal tax/SSN tax/...
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votes
1
answer
321
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Claiming foreign tax credit by amending a tax return
I am a Norwegian citizen who has been living and working in the US (California) as a resident alien since October 2014. These were my major sources of income in 2015:
Wages from my American employer
...
- 167
3
votes
1
answer
123
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Foreign retirement contribution deductibility?
Contributors,
I have a very specific question. I am a dual European-American citizen. I live in France. I declare my income on French investment accounts to the US, and am generally tax-compliant.
...
- 41
1
vote
3
answers
132
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Does dividend witholding tax typically deducted from dividend tax via double taxation agreements?
Typically under double taxation treaties you would see something where if you pay tax in one country, it's subtracted from the tax you have to pay in the other.
Does this hold true for witholding tax?...
- 1,397
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1
answer
103
views
Do I need to pay taxes in India?
I am working on a two months of independent In-house corporate photographer with a US company. I came here on Business Visa and I should had to open local bank account because the company is only ...
- 113
1
vote
1
answer
468
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US citizen paying capital gain taxes in Canada on sale of property in US
My son, who is a US citizen living and working Canada. Just sold a piece of property which he inherited in the US. The capital gains was $160,000 and US Federal and State capital gains taxes came to ...
- 11
1
vote
0
answers
70
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When to pay IT in India on income in Japan under DTAA?
I am staying in Japan and have signed for paying IT in India under DTAA.
My company will give me statement of income while I return to India after full stay period, i.e., two years.
Do I pay tax ...
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3
votes
1
answer
568
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Do i need to pay taxes if i stayed more than 183 days in financial year?
Date of entry - 17 Nov 2013
No. of days in India - 231
No. of days in USA - 134
For duration of US stay, I got regular pay with all tax deduction. I did file US tax returns for 2013.
By Indian tax ...
- 31
3
votes
1
answer
1k
views
Global Income tax in India & tax credit
I am Indian citizen who was working in US from 15/11/15 to 31/03/16
i.e 137 days, that means I am resident tax payer like all other Indian citizens for FY15-16.
As per tax treaty they clearly mention ...
- 161
3
votes
1
answer
921
views
Transferring proceeds to USA from real estate sale in India
First off, I am an US Citizen currently living in the US. I bought a property in India in 2000, when I was not a US citizen but was still living in the US.
Over time it has appreciated and now has ...
- 131
2
votes
2
answers
184
views
Stocks in India, what is the best way to get money to US
I am in US for last 10 years. I bought few stocks in India when I used to work there.
I never operated the stock (demat) account (never sold or bought) since I moved here
never reported them on my ...
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2
votes
1
answer
250
views
US Salary Transfered to Indian Acc and Tax Relation
I am on an H1b visa working and receiving a salary in the US. I have transferred approximately $15-20k to my account in India Account (not an NRE account).
How would this transfer affect my taxes in ...
- 21
3
votes
1
answer
1k
views
Do I need to declare the Rental Income from property in India while filing US Federal Tax?
Say I own a couple of units in an apartment complex in India and they were
purchased in part by using inheritance (property) and in part by cash
(funds from US).
If the units are currently rented ...
- 31
1
vote
1
answer
382
views
Do i need to pay Tax in India as well?
I am an Indian and working in India for a software company. I was transferred to UK branch of my software company to work on an assignment at client site.
I reached UK on 31 July 2015 on 9 months ...
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4
votes
1
answer
926
views
Transfer money from China to India
I came to China on 09th September, 2015. My work permit is valid upto 15th September, 2016. I get my salary after tax-deduction as per taxation in China. My question is how can I send money to my ...
- 141
2
votes
1
answer
637
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Taxes to be paid by someone working from a US company as a consultant fom India
X is a resident of India and holds an Indian passport,
X is on H1 visa in USA ,
X is working with a company C.com ,
X wants to move to India.
C.com and X both want X to continue working for C.com
C....
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3
votes
1
answer
2k
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Is US salary taxable in India and is there any provision to save tax?
I have this question about the tax filing that I am planning to do in India for year 2013-14.
I worked in India for an Indian company for almost 7 months and I also worked 4 months in the US (as a US ...
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