Query w. r. t. Impact of Taxes on Invested amount?

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243 Points Posted on 08 April 2021
Do i need to pay taxes on invested amount in India or outside India?
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On 08 April 2021 at 01:18 Report
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This discussion clarifies that you don't pay taxes on the invested amount itself, but rather on the income generated from your investments. If your investments are held in India, the income earned is taxable in India. Conversely, income from investments made outside India is generally not subject to Indian taxes, as the income does not accrue within India.

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2742 Points Posted on 08 April 2021
No, if you have any income from investment then you need to pay.
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On 08 April 2021 at 07:19
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Chartered Accountant
24588 Points Posted on 08 April 2021
If amount is invested in India then tax should be levied as income is accruing in India and investment outside India have no tax to be paid as income is not accruing in India
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On 08 April 2021 at 09:05
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CMA
13117 Points Posted on 09 April 2021
I agree with Ankit. In general, investments are not taxed per se but income on such investments are subject to income tax.
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On 09 April 2021 at 15:47

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