1) if NRI from USA (Houston) invest in India in Direct Equity/ Mutual funds / FDR or corporate Bonds .Is he liable to declare & pay tax in USA?. And what rate?
2) if he invest in property or real estate . will he be liable to pay tax & @ what rate?
3) what if he give gift to his own brother or father & they invest on his behalf & they pay back to him along with capital gain? Tax applicable?? & On what amount & rate?
4)pls share any investment avenue which is tax free or tax efficient to NRI from USA.
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International Taxation- NRI
Replies (5)
1. Declaration is needed in any case. rate depends on DTAA agreement.
2. For investing there is no tax. on sale capital gain arises.
3.yes in this case it will be considered as shifting of income and it will be taxed only in your hand. capital gain does have categories so depends what rate applies.
4.
2. For investing there is no tax. on sale capital gain arises.
3.yes in this case it will be considered as shifting of income and it will be taxed only in your hand. capital gain does have categories so depends what rate applies.
4.
@ Roshni- Shifting of income as per US laws or income tax?
Income tax India because it will be taxed in India as it accrues and arises in India.
4. capital gain investment we have bunch of them which will save your capital gain tax.
4. capital gain investment we have bunch of them which will save your capital gain tax.
Roshni- Any implication as per US laws. Whether need to disclose?
Disclosure is anyway required. To both origin state and resident state.
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