NRI DIVIDEND & SHORT TERM CAPITAL GAIN IN USA AND IN FORIEGN

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2011 AN NRI HAVE DIVIDEND AND SHORT TERM CAPITAL GAIN IN USA FROM FORIEGN CAOMPANIES AND IN FOR EXCHANGE AND IN HIS FOREGIN BANK ACCAOUNT IN USA.

WHAT WOULD BE THE TAX TREATMENT IN INDIA

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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14 May 2011 SINCE THE INCOME IS ACCRUING OR ARISING OUT OF INDIA HENCE NOTHING WLD BE TAXABLE IN INDIA
CA MANOJ GUPTA
JODHPUR
09828510543

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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15 May 2011 If the person is Non -resident as per sec. 6 then the question of USA income being taxable in India shall not arise, however if there is any Indian Income then the same shall be taxable in USA and India both.

Anuj
0-9810106211

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