2

I have received a royalty from one of the projects I worked on when I was a student at USA University. For the last 5 years, I have moved back to my home country India where I now live and work.

I wanted to understand in this case :

  1. what taxes do I need to pay
  2. do I need to report my India income to IRS
  3. do I need to report US Income to Indian Income Tax.
  4. What are the tax treaty benefits
  5. Do I need to submit W8BEN to my Univ.

Thank you

Dheer
  • 57,348
  • 18
  • 89
  • 170
j10
  • 121
  • 3

1 Answers1

2
  1. You don't need to report India income to US or IRS
  2. Yes you need to declare additional income and pay taxes as per tax brackets.
  3. There is DTAA, dual tax avoidance agreement between India and US, broadly covering US federal taxes
Dheer
  • 57,348
  • 18
  • 89
  • 170