Foreign income taxation
This query is : Resolved
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!
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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