investment to avoid tax

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harshit darji (Querist)
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10 August 2016 i have 10 crore rs which i earned from outside india after completion of 10 years of job.so i want to invest it so that i can avoid tax at best side.... so what i have to do to minimize my tax and to become tax free income

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 August 2016 1 Agricultural income is tax free.

harshit darji

harshit darji (Querist)
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10 August 2016 yes sir thanks and sir yet i have not paid any type of tax on 10 crore which earned outside india so is there any tax treatment on this amount? and under which head and also rate of tax

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 August 2016 No tax payable in India on salary of 10 crore earned out side India. Any income earned in India on the investment of 10 crores only be taxable in India.

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