DABU
Level 2

Deductions & credits

Thank you DaveF1006 for your reply and for the links. I thought more about the issue. It is better we file taxes in India and receive a full refund. With US taxes, mention the amount of dividends received and pay taxes. By taking this approach both tax departments (US and India) will have records. In addition, as I mentioned before, State of Ohio doesn't allow foreign tax credit.  Please provide your comments and suggestions. Regards, Dabu.