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Pencard

Mahendrakumar Jasani (Accountant) (40 Points)

04 September 2016

US CITIZEN can apply for pan card or not (indian origin). They invested in mutual fund, rental income, nri/nro bank, uti investment (no tds, not filed it return giled in india) (in USA FILED RETURN ON INCOME FROM INDIA) PLEASE ADVICE. WHERE MAKE POWER OF ATTORNEY IN CONSULATE OF INDIA OR WITH US ATTORNEY?

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2 Replies

Unnikrishnan B (Branch Manager) (740 Points)
Replied 04 September 2016

UScitizen if you are person of indian origin can apply for PAN card

Documents to be submitted is your psssport copy self attested by you

Thsnking you

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Unnikrishnan B (Branch Manager) (740 Points)
Replied 04 September 2016

In your case NRO account and Rental income is taxable in india.in this case of mutual it is not mentioned whether equity oriented or not .if equity oriented then income is exrmpted u/s 10(35).and it is long term capital gain if sold after one year .so exempted

In the case of rentsl income the perdon should deduct the tds from you and you have ti claim the refund.i do not know the procedure is followed

Hope i have answed the query