Thanks guys, @pk @Opus 17 @mesquitebean . Need some help, i have been reading the comments:
I am Indian working with an Indian MNC from 2021 onwards and got transferred to US entity on L-1 visa on Jan 1, 2024. I have to submit my Income Tax returns in India for April 2023- March 2024.
For submitting my tax in India for 3 months of US Income:
- From my earnings in USA , can I remove the one-time benefit, my employer gave to purchase furniture and car (~USD 10,000) as a relocation amount. This amount was considered as an Income by my employer in US and already taxed me here in US.
- To claim relief in India, my advisor was telling me the only relief which will be given to me is the Federal Taxes i paid for 3 months. However, that is a very small part of overall taxes in US ,and there is in addition Social Security tax, Medicare Tax, and the biggest one is State Income Tax.
If the relief considered only to the tune of Federal tax, then I will have to literally pay a lot of “double taxes” 😊
Thanks a lot for your kind help :). Regards, Rahul
