Money invested in malaysian money market
This query is : Resolved
atul sinha
(Querist)
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.
CA R SEETHARAMAN
(Expert)
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.
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