Money invested in malaysian money market
This query is : Resolved
14 December 2018
Dear sir
i am an indian citizen and have MM2H (MALAYSIA MY SECOND HOME) long term visa of 10 years which can be extended further if desired.Under this visa programme, i can legally open foreign account in Malaysia.i want to invest money which i will earn in India, in Malaysian market in equity and mutual funds .
Sir! my qiestion is how will i be taxed in India and is it a wise step..
The economy of Malaysia is open and currency is stronger than that of india.
i am an indian citizen and have MM2H (MALAYSIA MY SECOND HOME) long term visa of 10 years which can be extended further if desired.Under this visa programme, i can legally open foreign account in Malaysia.i want to invest money which i will earn in India, in Malaysian market in equity and mutual funds .
Sir! my qiestion is how will i be taxed in India and is it a wise step..
The economy of Malaysia is open and currency is stronger than that of india.
14 December 2018
It's a wise step. If you are resident of India your Malaysian income will be taxable in India after claiming relief for tax paid in Malaysia as per DTAA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
