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Foreign interest, Dividend and capital gains tax paid to India

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)
    Tax.jpg
  • 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?

TAX2.jpg

TAX3.jpg

 

 

tax4.jpg

 

 

If not, how do we get credit for the taxes paid for each of the income categories to India?

 

Regards,

Girigiri

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1 Reply
rjs
Level 15
Level 15

Foreign interest, Dividend and capital gains tax paid to India

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