Dear Intl Tax Expert and Visa Taxes,

Thank you very much for your valuable advise. From the above discussion, I understood that, to claim the home mortgage interest paid to a foreign banker, we need to fill a form 1042 and pay 30% of the mortgage interest paid to the foreign banker right?

Also, is it only 10% for the Indian banker if mortgage paid to a Indian banker?

Kindly clarify.

Warm Regards,
Ramakrishna

I believe that the amount IS 10% for Indian banks under the U.S.-India Tax Treaty.