Hi All. Indian citizen moved to India from US in 2005 and has been in India ever since. Has US tax paid funds in US mutual funds. Wants to remit this money to India. What Indian tax, if any, would apply on the remittance ? Any other considerations ?
Thanks in advance.
Best regards,
Sameer
Income Tax may be chargeable if there is sale of US mutual funds after becoming indian resident.
Anuj
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