US Returned IT Proffesional Taxation under Black Money Law2015

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My client was posted in USA by his company in the year 2009-2011 where he earned USA salary and paid USA tax and on it. For those years he filed India Tax returns as NRI.

He purchased a house in USA from that salary and USA bank loan, for which he has been duly filing the USA Tax returns from the Income generated from the House property for the year 2012 and beyond. Although he has not shown in the Indian IT returns since he returned back to India.

He still owns the House in USA and a bank account, so as my question is does this asset fall under black money 2015 law ambit (Form 6) or he can simply declare it in his Indian IT return House Property as Foreign Country as the source of the income is completely legit and duly tax filed and there is no black money involved.

The questions is my mind are -

1. How should he declare this Foreign House Property (Under Black Money Form 6/ Regular IT Return Form)
2. How can he avail the Tax benefit which he has already paid in USA

Thanks

Rajesh

AI Summary

Foreign asset disclosure: decide between black money statement or regular tax return and claim foreign tax relief. Taxpayer posted to the US earned salary, paid US tax, bought and still owns US property and a bank account; US rental income is filed in the US but the property and account were not included in Indian returns after return. Key issues: whether the foreign property and bank account must be disclosed under the domestic black money disclosure statement/form or can be reported in the regular Indian income tax return, and how to obtain relief for taxes already paid in the US when declaring the income in India.