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
WHAT WOULD BE THE TAX TREATMENT IN INDIA
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 MANOJ GUPTA
JODHPUR
09828510543
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
Anuj
0-9810106211
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