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Deductions & credits
@anjanr73 , I need some clarification on this --
(a) are you US citizen/Resident( GreenCard)/Resident for tax purposes ( H1 or J visa or ? );
(b) are you referring to the "growth" in the PF or your contribution in 2019 or what when you say "accrual" ?
(c) I will have to research more on the PF scheme in India , but my understanding is that it is a scheme where in the employee and /or employer contribute for retirement ( can be withdrawn under certain circumstances -- this is in lieu of US retirement & tax advantaged schemes like 401/403 etc. and/or employer established retirement schemes. Is this what you are talking about? Is the contribution also include your US income based income for 2019?
Namaste
pk
‎October 12, 2020
10:39 AM