US taxation in the case of NRI partner on share of profit from LLP in india
V Gupta (5 Points)
28 June 2021V Gupta (5 Points)
28 June 2021
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 28 June 2021
US Tax Law prevails over India-USA DTAA , hence question about taxability in US needs to be seen from US Tax Act.
Also if income is taxable in US and tax is paid in India then surely credit of the same shall be available as per India USA DTAA.