US Tax for Americans & Green-Card Holders in India
Form 1040 from India with foreign tax credit, FBAR and PFIC reporting
- 1MapIncome and accounts in both countries.
- 2PrepareUS and Indian returns together.
- 3ReportFBAR, 8938 and 8621 filed.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About US Tax for Americans & Green-Card Holders in India
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
US citizens and green-card holders are taxed by the US on worldwide income wherever they live, so living in India means filing both an Indian ITR and a US Form 1040. Double tax is relieved through the foreign tax credit (Form 1116) or the foreign earned income exclusion. Indian bank accounts trigger FBAR and often Form 8938, and Indian mutual funds are PFICs for US persons — with Form 8621 and punitive tax unless planned for.
Indian tax years run April–March while US years are calendar years, so credits must be matched carefully. Indian salary, rent and capital gains usually generate enough Indian tax to offset US tax, but PFICs and the net investment income tax can still leave US liability.
We prepare both returns together, choose between FTC and FEIE, file FBAR and 8938, and advise on restructuring Indian investments to avoid PFIC problems.
| US taxation | Worldwide income, any country of residence |
|---|---|
| Relief | Foreign tax credit (Form 1116) or FEIE (Form 2555) |
| Indian accounts | FBAR above USD 10,000 aggregate |
| Indian mutual funds | PFIC — Form 8621 |
| Due date abroad | Automatic extension to 15 June |
Work that the law requires a US enrolled agent or CPA to sign or represent is delivered through Indus Tax's partner professionals; our team prepares the records, coordinates the filing and stays your single point of contact.
Who this is for
Common scenarios where this service is a good fit.
- US citizens living in India
- Green-card holders who moved to India
- OCI cardholders with US citizenship
What you get
Clear deliverables so you know exactly what's included.
- Form 1040 with FTC/FEIE
- FBAR and Form 8938
- PFIC analysis
- Indian ITR coordination
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Income and accounts in both countries.
US and Indian returns together.
FBAR, 8938 and 8621 filed.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Work that legally needs a US enrolled agent or CPA is signed by a partner professional; we coordinate it end to end.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
- CA reads your case before the call
- DTAA, property, capital gains covered
- Written summary + checklist after
- Fee adjustable if you engage us
Frequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
