21 December 2010
Indian citizen left for employment(to USA). non resident during pevious year. and capital gains arised in india. What are the tax implications in india and abroad.
22 December 2010
Kindly check the exact no. of days stay in India, If the stay is more than 181 days then the same shall be taxable in India as a resident. Even if the stay in India is less than 182 days then also the capital gains shall be taxable as a income accrue or arise in India under sec.5 of Income Tax Act.