Nri income
This query is : Resolved
Practicing CA
(Querist)
24 January 2014
If a person working in dubai (tax free country) transfers a part of his salary (savings) to his indian account & makes investment what is tax treatment for the same in india? or transfers it to his fathers account & father invest the amount in his own name (to take senior citizen benefit)what is tax treatment for the same in india?
AVTAR SINGH
(Expert)
24 January 2014
If the person is non resident, his salary income earned and recd. in Dubai would not be taxable in India if he transfers it in his Indian account. But the income earned from investments made in India would be taxable.
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