Ask Experts Questions for FREE Help !
Ask
    suby_sami_04's Avatar
    suby_sami_04 Posts: 3, Reputation: 1
    New Member
     
    #1

    Aug 3, 2007, 02:30 PM
    Claiming Double taxation between USA & India
    Hi,
    I came to usa in oct 2006 from india. From oct 2006 to MArch 2007 my company deduct taxes in both USA and INDIA. I am planning to ask for a double taxation releif in USA on the amount I have been double taxed when I will file my return in January 2008 - is that possible? Also if yes in jan-2008 can I claim for tax refund on the tax deducted in 2006-2007 financial year. Please help
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Aug 3, 2007, 07:04 PM
    Yes. You can claim a foreign tax credit using Form 1116.
    suby_sami_04's Avatar
    suby_sami_04 Posts: 3, Reputation: 1
    New Member
     
    #3

    Aug 3, 2007, 08:00 PM
    Quote Originally Posted by AtlantaTaxExpert
    Yes. You can claim a foreign tax credit using Form 1116.
    Hi,
    Please let me know if I can claim the tax credit of the period oct-06 to dec 06 when I will submit my usa return on jan-08 or I have todo that now.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Aug 4, 2007, 06:16 PM
    You needed to claim that credit for Oct 2006 to Dec 2006 on your 2006 tax return which you probably just filed.
    suby_sami_04's Avatar
    suby_sami_04 Posts: 3, Reputation: 1
    New Member
     
    #5

    Aug 7, 2007, 05:59 AM
    Quote Originally Posted by AtlantaTaxExpert
    You needed to claim that credit for Oct 2006 to Dec 2006 on your 2006 tax return which you probably just filed.
    So is there any way I can claim that - maybe now filing Form 1116 separately or while submitting 2008 return.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Aug 7, 2007, 11:44 AM
    No, you will need to amend your return using Form 1040X and attach Form 1116 to the Form 1040X.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Avoiding double tax in India and USA [ 1 Answers ]

I am based in India and I am planning to write a book and the publishers are based in USA . Can someone tell me how I can avoid double taxation on the royalty of the book, as I think there is a double taxation treaty between USA and India. The publishers have asked me to fill form W-8BEN, but I...

Double Taxation? [ 1 Answers ]

My sister was fired from her job and needed money to pay bills. She took a disbursement of her retirement. Upon disbursement they took out almost 20% in taxes before she received anything. Now when we are doing her taxes the tax software is trying to take another 10 to 15% in tax penalties. Isn't...

Double Taxation between USA and India [ 3 Answers ]

Hi, I am a resident in India and I was a resident alien in USA previously for 6 years and have filed US taxes. Now I am in India, but earning Capital gains and interest income in USA. I am paying taxes in India for my golbal income. Do I have to pay taxes in US for the capital gain and...

Double Taxation [ 1 Answers ]

How does double taxation of corporate income occur.


View more questions Search