Thanks, Opus for your reply. Our transaction in India could be considered as selling a "vacant residential lot" similar to the USA. My question is, are there ar...
Thanks Opus for your detailed reply. I will use the prevailing exchange rate on the day of the sale and for other activities. With regard to travel expenses, I ...
Good morning,Thanks to pk and Opus for your comments and suggestions.I have been using the US Treasury Reporting Rates. I am posting the links so that they coul...
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 tax...
Thank you JeffreyR77 for your reply. I appreciate it.1. If we don't file taxes in India, we could take a credit on Form 1116. Am I right? Taxes are already take...
