TMI BlogForeign Income Disclosure and calculation methodologyX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi I had earned US Income in one of my past 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 tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t year as I had stayed in India for 60+ days 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 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay the differential tax (if any) Question 2. What is the calculation methodology for the same. a) Which Income should I include , Gross Income or Net Income b) Do I get ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit for both Federal and State Taxes c) How to account for Social Security and Medicare Taxes. Please help. - Foreign Income Disclosure and calculation methodology - Query Started ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By: - Krishnendu Chakrabarty Dated:- 26-8-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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