nams_t
Jul 15, 2008, 07:37 AM
Hello,
I was in US for about 4 years on F1 status(2 yrs) and later on H1 status(one year post OPT). I moved back to India in June 08 for good and need to file my taxes.
This is the current scenario:
-Left my US job in June, which means I was getting paid till June in USA
-I filed US taxes for 2007
-Have been filing taxes in India as well because of interest,etc.
-For the year 2007 my income in India has been interest, some freelancing work and money I transferred from my account in USA while I was there.
I now need to file taxes in India for the year 2007 which includes Jan- March 08 as well.
What I want to understand is if I should file taxes in India not bothering about money earned in US during this period assuming that I will take care of that amount in 2009 when I file my US taxes.
Or do I need to start filing all my taxes in India for the entire year 2008 and not pay in USA at all? This means my refund which I would get is lost because of the conversion and the resultant big sum.
To cut the long story short, how should I file my taxes in USA and India now that I am not in USA anymore.
Thanks!
I was in US for about 4 years on F1 status(2 yrs) and later on H1 status(one year post OPT). I moved back to India in June 08 for good and need to file my taxes.
This is the current scenario:
-Left my US job in June, which means I was getting paid till June in USA
-I filed US taxes for 2007
-Have been filing taxes in India as well because of interest,etc.
-For the year 2007 my income in India has been interest, some freelancing work and money I transferred from my account in USA while I was there.
I now need to file taxes in India for the year 2007 which includes Jan- March 08 as well.
What I want to understand is if I should file taxes in India not bothering about money earned in US during this period assuming that I will take care of that amount in 2009 when I file my US taxes.
Or do I need to start filing all my taxes in India for the entire year 2008 and not pay in USA at all? This means my refund which I would get is lost because of the conversion and the resultant big sum.
To cut the long story short, how should I file my taxes in USA and India now that I am not in USA anymore.
Thanks!