PDA

View Full Version : Us tax treaty with india


taxpayer2
Aug 20, 2010, 07:45 AM
I am a US citizen filing a US tax return. I receive interest income from funds at a bank in India. Taxes are withheld at source on the interest income. I also include the interest income on my US tax return and claim foreign tax credit by filing Form 1116. Is this methodology correct and efficient. If not what should I be doing?

AtlantaTaxExpert
Aug 20, 2010, 01:48 PM
You are addressing this issue in the correct manner.