Hi, should I pay tax in the US for the interest earned through a savings account in India? I am on H1B and a resident alien.
South Plainfield, NJ |
The amount in the saving account was the income earned by me, when I was working in India. Also, should I declare that account through FBARS? I did not have to pay tax for that interest earned in India, as that amount was below the income tax exemption limit in India.