India–US tax filing for NRIs
Prepared by professionals who read Form 16 and Form 26AS as fluently as a W-2 — because most of our clients hold both.
You are in the right place if…
Indians on U.S. work visas
Income and accounts in both countries in the same tax year.
NRIs with Indian assets
Property, deposits, mutual funds and inherited holdings.
Returning to India
The departure year, and what continues to be reportable afterwards.
Everything in the fee
- Form 16 and Indian salary incomeForm 16
- India–US treaty reliefDTAA
- Foreign tax credit for Indian tax paid1116
- NRE, NRO and demat account reportingFinCEN 114
- PPF, EPF and LIC policy disclosure8938
- Indian rental property incomeSch. E
- Capital gains on Indian propertySch. D
- ITIN for family membersW-7
Why the India–US combination is its own specialism
The two systems run on different tax years — India’s runs April to March, the U.S. runs January to December — so Indian income and the tax paid on it never map cleanly onto a U.S. return. Allocating Form 16 income across two U.S. tax years, and matching the Indian tax paid to the right year for foreign tax credit purposes, is where most of the work actually sits.
Accounts people forget to report
NRE and NRO accounts, fixed deposits, demat and mutual fund holdings, PPF and EPF balances, and LIC policies with a cash value all count toward the FBAR threshold. So do accounts where you are only a joint holder with a parent, and accounts you have signature authority over but do not own.
Double taxation, and how it is avoided
The India–US treaty and the foreign tax credit exist so the same rupee is not taxed twice. Which relief produces the better outcome depends on your numbers — so we calculate both rather than defaulting to whichever is quicker.