POSTED BY February 6, 2014 10:16 am ONE COMMENTON
How are the returns to be filed when you have income from both US and India for a given financial year? For the year 2013, I was in US until Oct. Thereafter I have been working from the Indian office. Considering, US financial year is from Jan 2013 to Dec 2013, in that case, do I have to declare the Indian income and investments too while I file my US taxes? So far I have received my W2 and planning to file my state and federal taxes as per the norm. Do I file with just the US income or include the Indian salary too as Foreign compensation not included on W2? What about the Mutual Funds / Insurance / investments in India?
I have been hearing diff things from diff people. HR Block (India) is charging me $220 for filing my tax returns considering my situation. Typically they would charge just the basic fees for filing taxes (<$50). Wondering if its fair enough ? Can anyone share their experience / inputs /suggestions ?
Thanks in advance.