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Home > Money & Services > Taxes   »   Double taxation

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Old Aug 21, 2006, 01:34 PM
Meenakshi Agrawal
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Double taxation

Hi,

I am a US citizen of Indian origin. I am wroking in the US and hold non-qualified stock options (of my company which is co-headquared out of the US and India).

If I now go and settle (long term) in India, and excercise my options, will I be liable to paying any taxes in the US?

(I understand that for these kind of option, if I exercise these in the US, I am liable to taxes (equal to income tax) at the time of exercising the option. In India, however, no taxes are applicable at the time of exercising the options.)

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Old Aug 21, 2006, 05:28 PM   #2  
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Yes, you are liable. U.S. citizens are liable for income taxes on ALL sources of income world-wide.
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