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Foreign income taxation

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(Querist)
27 December 2013 If a person becomes a partner in partnership firm outside India and earns profit.. What is his tax liability? Does he require to open NRI account to invest in the partnership firm registered outside India!
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Vishal D Shah

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Vishal D Shah (Expert)
29 December 2013 A resident Indian cannot invest in partnership firm outside India. An NRI can. If he is an NRI then he can open NRI account.
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