Tax Liability of NRI

This query is : Resolved 

31 May 2008 If an Non-Resident Indian(US Citizen) invest in Indian Co( whether public or Pvt Ltd) and capital gain arise on sale of investment what will be the tax treatment in india and in US.whether is liable to tax pay in india and can he get tax relief in USA for tax payment in India.

31 May 2008 he is liable to pay tax in india.
he will get relief in usa as per dtaa.


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