Hi Anil, this site is awesome! I love it!
We have an NRO account which pays interest and deducts the tax through TDS. At the year end, the bank sends 1099 which shows the interest income and the tax deducted in dollar amount.
For the past few years we are using it in US tax return and getting foreign tax credit.
Now I found out that I can get refund of TDS by filing tax return in India, because the amount is less than the tax liability limit. Is this true?
If so, I would like to know if you posted any article on how to file ITR ( Indian tax return) for interest income?
If we did file ITR then how do we handle the 1099 interest income and the tax deducted in US return?
I appreciate any input.