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    drt82's Avatar
    drt82 Posts: 2, Reputation: 1
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    #1

    Mar 2, 2010, 02:39 PM
    Icici nre account
    Hi.. I have a nre account. I am here in H1b visa. I have a source of income in my home country that is been deposited in this account. I would like to know whether it is enough to pay income tax in India or I have to pay taxes for that amount in USA of I decide to transfer the money to my US account?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 26, 2010, 01:35 PM
    If you file as a resident alien, then ALL world-wide income is subject to U.S. taxation.

    I cannot answer whether the interest is subject to Indian taxes.
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