Transferring money from India to US - Tax queries

Discussion in 'Money Matters' started by mahdee, Feb 12, 2011.

  1. mahdee

    mahdee New IL'ite

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    Hi,
    I am planning to transfer money to India from US and would like to get that money back after 3 years.

    My question is : Will I be charged tax in US for the money I got it from India.?
    Also If I am already paying the tax in India for the interest earned, do I have to pay taxes again In US when I receive the money? or is it ok if I show the tax documents from India to the US govt.

    It would be better if anybody can give info on this or mention any website where I can find these details.
     
    Last edited: Feb 12, 2011
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