Tax on returns from investment
This query is : Open
06 January 2011
I was in USA for sometime and earned some money there, which I invested in buying some bonds and shares there. I have now returned to India and am a citizen of India. I want to know whether the returns I am getting on those bonds in USA taxable in India. If yes, how and under what provision of Income tax Act, 1961?
09 January 2011
No , It is not taxable in India , if your status is still non-resident.
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