IndiaFundSearch
US tax

Your Indian portfolio,
on a US tax return.

If you are a US taxpayer — green card, citizenship, or substantial presence

Indian law does not stop a US resident investing at home. American law is what decides whether it is sensible. A pooled Indian fund is usually a PFIC, which means tax at the top marginal rate, an interest charge, and a separate form for every fund, every year.

These pages explain the rules and what they mean for someone holding Indian funds. They do not work out what you owe, and they are not a substitute for a US CPA or an Enrolled Agent.

By Yash Jhaveri, Founder & CEO, Beyond

Beyond · JSL Wealth Management · Vadodara · ARN XXXXX
Last reviewed September 2026 · Regulatory position as at September 2026

The three steps, in order

Each step depends on the one before it. Most people find out about step three after the tax has already been withheld.

  1. Step 1 · To the IRSApply on Form 8802Ask the IRS to certify your US tax residency for the year in question.
  2. Step 2 · From the IRSReceive Form 6166The certificate itself. It names the year, so the year has to match your income.
  3. Step 3 · To the Indian portalFile Form 41 in IndiaFormerly Form 10F. Online only, and no Indian digital signature is needed.
PFIC and Form 8621
What is Form 8621?Who files it, and why an unfiled year never closesForm 8621 instructionsWhat the form asks, and the two electionsWho has to file Form 8621?Direct and indirect ownership, and visa holdersPFIC reporting thresholdThe de minimis exception, and what breaks itPFIC annual information statementWhy QEF is rarely available on Indian fundsPFIC tax rateWhy there is no single rate, and the interest chargeHow to avoid PFIC statusThe one Indian structure that sits outside itPFIC look-through rulesWhen a fund-of-funds multiplies your filings
Claiming India treaty relief
What is Form 8802?Asking the IRS to certify your US residencyUS tax residency certificateForm 6166, and what India does with itForm 10F, now Form 41The Indian side, filed online without a PAN
Related reading
NRIs in the United StatesThe full corridor guideAre Indian mutual funds PFICs?The short answer, with sourcesWhich AMCs accept US NRIs?Why most decline, and what to ask instead

Education, not advice. We may earn referral fees when you invest through us. Nothing here is US or UK tax advice. Take your own position to a professional qualified in that country. Full disclosures