Hi:
- I have paid taxes in India for Dividend income, interest income and capital gains. (The total tax liability from the India Tax return is apportioned to each of these buckets).
- An Example Data is per below:
- Say if I have paid an overall $30 as part of the total India tax return and the total tax paid of $30 can be apportioned as below (Dividend tax = $10, Interest income tax =$15 and Capital gains tax = $5)
- Where do I need to enter this apportioned tax amount in Turbo Tax that has been already paid to India?
- Is it in each of the interest income, Dividend income and capital gain entry screens per below?
For Example:
Say $160.90 interest income was earned and total tax paid to India (for all income as part of the tax return) = $30 (as shown in the above table), and out of $30 tax paid, $15 of tax can be apportioned to Interest income of $160.90, then can we enter the information per below?
If not, how do we get credit for the taxes paid for each of the income categories to India?
Regards,
Girigiri