Non resident
This query is : Resolved
01 June 2016
if a non resident having two bank accounts ( one is in india and one is abroad).which account he can use for bringing euity to avoid tax ????????pls guide me????????????
Amol S Joglekar
(Expert)
01 June 2016
what is the CONNECTION between bringing the EQUITY and INCOME TAX? Can you please tell about your idea about the same?
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01 June 2016
thank you sir,,
i want to know which account is better to use for bringing equity????
i want to know which account is better to use for bringing equity????
Amol S Joglekar
(Expert)
01 June 2016
Both the accounts are at PAR so far as your activity of bringing equity is concerned. It has no any bearing from Income tax point of view. More important is SOURCE where you earned this money from. That decides its taxability or otherwise in India
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