GC Holder - Pension and Rental Income in India

A

ag_0001

Registered Users (C)
My parents are in final stages of their GC processing. My father retired from central govt in India and collects pension. He also has rental income.

Question is regarding filing of income tax returns and proof of living (for pension) - what are the ways you can submit these while being in US ?

Any information is appreciated.
 
Jackolantern -
I will like to understand what others GC holders are doing regarding
1. Tax return in India for income (pension etc) in India
2. Proof of living to continue to receive pension
3. tax return in US (will it be subject to double taxation)
 
Can't answer 1 and 2, because those are India-specific.

But for #3, there will be double tax reporting because the income has to be reported to both countries, but not necessarily double taxation. If India taxes the pension, that can be used to negate some or all of the US taxation on that income, especially if the tax rate in India is higher for the individual. There are IRS forms and publications for reporting and calculating the offsets. In particular, see IRS publication 514.
 
You must log in or register to reply here.
Top