Foreign Income Disclosure and calculation methodology

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..... Foreign Income Disclosure and calculation methodology
Query (Issue) Started By: - Krishnendu Chakrabarty Dated:- 26-8-2015 Income Tax
Income Tax
Hi I had earned US Income in one of my past .....

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..... years. I had paid the following taxes there 1. Federal Tax 2. State Tax 3. Social Security Tax 4. Medicare Tax However, I was a Resident Indian in that year as I had stayed in India for 60+ days .....

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..... and I had returned to India. But unknowingly I had filed as a NRI, which I was actually not. Question 1. In the context of the black money law how can I pay the differential tax (if any) Question 2. .....

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..... What is the calculation methodology for the same. a) Which Income should I include , Gross Income or Net Income b) Do I get credit for both Federal and State Taxes c) How to account for Social .....

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..... Security and Medicare Taxes. Please help.
Discussion Forum - Knowledge Sharing .....

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