As per US laws , US citizen have to show their income earned in india /or across globe in the US ITR filling.My question is that my relative who earns Long term capital gain in India, how would he treat this income in USA, since it is exempt i India .
for other income i add his indian income to US income and then give benefit of taxes paid in India.
Please help should i show this income there ???It will be taxed at 30%
24 August 2017
you need to take the help of a CPA who can guide you better. As far as I am aware of US federal rules, improper disclosure is a high level crime in USA.