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Old 04-23-2014, 07:16 PM
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NRI FD's Taxes

I was wondering how taxes would be calculated if i had a Non Resident Indian Fixed deposit, in india. This will be a USD Fixed Deposit from my savings from the US.

1. Will i need to pay taxes on these deposits in my US tax returns?

2. If my bank in india charges me Tax Deductions at Source (TDS) for these deposits? Do i still need to pay taxes in the US? or will i just have to declare these accounts and show TDS details.
What documentation will be needed at the end of the year when i'm doing taxes for this?

Thanks in advance..



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