Computation of Income in US$ Terms
1. A U.S. citizen or resident of USA [ resident alien ] is required to pay tax in USA on his / her worldwide income subject to tax credit for taxes paid abroad
2. However the taxability of such global income is not covered by US tax laws alone. Tax payers can opt applicability of USA India Tax Treaty or other country's Tax Treaty if income arises from such other country if the provisions of Tax Treaty are beneficial.
3. Penalty for failure attracts additional taxes, interest, fines & in extreme cases even imprisonment.
Our Professional Services :
We offer professional services by preparing detailed working of income converted in US$ terms.