Hello,
I am an Indian citizen and resident of India who has a friend in the United States working in real estate flipping business. I am looking to invest in her business.
I have a sister living in the United States and who is a citizen of United States.
1) Can you please advise as to in which country would the taxability arise? In India or in the US?
2) How much tax will I need to pay?
3) Can my sister help me in any way to save some tax considering she is a citizen and resident in United States?
4) Any other ideas or suggestions are welcome.
5) Will it help if I don’t withdraw my capital after every transaction and reinvest?
Appreciate the guidance! Thank you in advance!
CAclubindia
