As the title mentions.. You can claim tax credits for tax paid on foreign income to governments where the US has a double tax avoidance treaty (such as India). However India's tax cycle ends on March end. So how is the income for the last 3 months accounted? Blind tax: 210k
Can you share more details as to what form to use in India and USA for the same ?
calculate average tax rate in your India tax return for period ending Mar 2023 (say A) and Mar 2024 (say B) Multiply the double taxed income in Jan-Mar 2023 by A and that in Apr-Dec 2023 by B. Sum of these two is foreign tax credit you can claim. Ofc, B can be calculated only after filing India return by July. So you can file USA return now without foreign tax credit and amend later in the year to get refund.