Nri income tax return filling
This query is : Resolved
KRISHNA SINGHANIA
(Querist)
20 August 2011
1>...Can NRI buy and trade share on normal demat account or different account....
2>...is money sent to India from outside taxable in normal saving account or it should be sent to other accounts like NRE or NRO account?
3>...if NRI is not paying central/federal tax than will his income (..which he sends to India..) be taxable in India ...
2>...is money sent to India from outside taxable in normal saving account or it should be sent to other accounts like NRE or NRO account?
3>...if NRI is not paying central/federal tax than will his income (..which he sends to India..) be taxable in India ...
CA. Anuj Gupta
(Expert)
22 August 2011
1. NRI will have to open seprate demat account.
2. Money can come in NRE or FCNR account from outside India.
3. If the person is NR as per income Tax Act and the income doesn't accrue or arise in India then the same shall not be taxable in India.
Anuj
+91-9810106211
femaquery@gmail.com
2. Money can come in NRE or FCNR account from outside India.
3. If the person is NR as per income Tax Act and the income doesn't accrue or arise in India then the same shall not be taxable in India.
Anuj
+91-9810106211
femaquery@gmail.com
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