TMI BlogUS Returned IT Proffesional Taxation under Black Money Law2015X X X X Extracts X X X X X X X X Extracts X X X X ..... My client was posted in USA by his company in the year 2009-2011 where he earned USA salary and paid USA tax and on it. For those years he filed India Tax returns as NRI. He purchased a house in USA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from that salary and USA bank loan, for which he has been duly filing the USA Tax returns from the Income generated from the House property for the year 2012 and beyond. Although he has not shown in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Indian IT returns since he returned back to India. He still owns the House in USA and a bank account, so as my question is does this asset fall under black money 2015 law ambit (Form 6) or he can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... simply declare it in his Indian IT return House Property as Foreign Country as the source of the income is completely legit and duly tax filed and there is no black money involved. The questions is m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y mind are - How should he declare this Foreign House Property (Under Black Money Form 6/ Regular IT Return Form) How can he avail the Tax benefit which he has already paid in USA Thanks Rajes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h - US Returned IT Proffesional Taxation under Black Money Law2015 - Query Started By: - Rajesh Yadav Dated:- 31-7-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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