hello everyone
My father is an NRI and he wants to invest in Mutual funds and i am having some doughts
-is the return we get from those mutual fund investments is taxable in the hands of an NRI
if its is taxable is it advisable to invest in the name of my mother who is an resident indian or any better option will be avaible to avoid tax on returns (which will be in the form of dividents) from those invetments in mutual funds
Answers would be greatly appreciated
[quote=3666]hello everyone
My father is an NRI and he wants to invest in Mutual funds and i am having some doughts
-is the return we get from those mutual fund investments is taxable in the hands of an NRI
if its is taxable is it advisable to invest in the name of my mother who is an resident indian or any better option will be avaible to avoid tax on returns (which will be in the form of dividents) from those invetments in mutual funds
Answers would be greatly appreciated[/quote]
CAclubindia
