Investments made in india from salary received from outside

This query is : Resolved

rumy nagwaswala (Querist)
Follow

04 June 2012 An assesse is working in UAE as a salaried employee and transfers his salary in NRI account maintained with hdfc in India. Out of this transfers he invests the sum in l.i.c. and mutual fund income. He also has parked the amount in F.D.R.. KINDLY ADVISE whether the income if any arising from the investments in mutual fund and interest in FDR is taxable and to be shown under which section of the Income tax Act, 1961

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

04 June 2012 Income from investment in MF is exempt from Tax and income from FDR is taxable in India u/s 56.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Fahima Malik

CA. MOHIT SHARMA

Suneel Shah

CA Saurabh Jadhav

RAHUL SURANA

Subscribe Now

Investments made in india from salary received from outside

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY

Senior Executive

CA Final

Accountant