U SEEE DOUBLE TAXTATION TREATY

That is for the taxation part, what about sale of securities in physical form without demat a/c .

I cannot get a clue even after reading sections 90-91

Dear Harry,

For sale of Shares held in physcial form, you need to check the legal aspects of USA.

For Income Tax purpose, it shall be taxable in India and PRI shall also be eligible to claim DTAA benifit in case taxes are paid/deducted at USA.

You may need to check legality of FEMA, whether share holding is as per FEMA or regulations made thereunder.

After selling you need to realise the amount of sales proceeds and repatriate it to India with in stipulated time.

Thanks

Does India have DTAA with USA? if so, from where can I details of that

Harry,

Please approach Price WaterHouse Auditors for solving your problem. Chartered Accountants will solve yoour issue.

Dear Harry,

You can find DTTA with US from below link

https://law.incometaxindia.gov.in/TaxmannDit/IntTax/Dtaa.aspx

Do ask me if you have any more.

Thanks

Thankx juzer for your valuable inputs, I think there is no need to contact pwc now.

taxability of income depends on whether the assessee is resident or non-resident..!!

Thanks for appriciation.

Dear Harry,

It is your call whether the website link given here provides you all professional support and reply for your cross border related querries. I feel the websites are static in nature .The tax impact at USA should also be understood.

Rgds./Nitesh

I have mentioned that the 'person' is a resident in india