Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2014
I have a doubt regarding an issue which i studied in one of the books..in which a non resident sent his earnings to India and purchased a property in India so..whether it is taxable if yes in what way..and what are the bank accounts to be opened in India..to deposit that amount in any bank account??
23 January 2014
Hi
No, Income is not taxable but wealth tax is applicable on the property purchased.
He is required to open NRE a/c.
Thx
No, Income is not taxable but wealth tax is applicable on the property purchased.
He is required to open NRE a/c.
Thx
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