is it taxed again

[juhi]

hiiiiiiiii
can any body help me.......
my grand father is coming from USAto settle permanently in
INDIA his age is 69 .
wether his already taxed income of
1. retirement pension income
2. social security.

[knowledgeable]

nope

India and US have a treaty that prevents double taxation

however, for example, if US taxes a specific income but India does not and you bring that income to US, then that income may be taxed in the US.

if India taxes you 20% and US is 30%, then you pay the difference

consult your CPA/CA who specializes in foreign taxation before taking any big step

income generated on the funds that you move to India would of course be taxed in India as per the then current taxation laws

good luck

[kalpadaru]

Pension income in India

India and US have a treaty that prevents double taxation
however, for example, if US taxes a specific income but India does not and you bring that income to US, then that income may be taxed in the US.

if India taxes you 20% and US is 30%, then you pay the difference

.....
good luck

Can you also comment on this point?

Pension income is not taxed in India, because it is within the ceiling. That income also is not brought into USA.

Does it attract US income tax?

Kalpa

[knowledgeable]

Any non-repatriable ...

... that could not be taken out of India will not be taxed in United States.

There are different schools of thoughts from CPA on the disclosure, but most agree that these funds up to a reasonable amount may not even be disclosed in your US taxes.

Of course, there's no specific amount mentioned by the US CPAs for the limit, but you and your CPA can use good judgement.

Good luck.