hai
Proceeds of zero tax bonds invested in usa by a non resident few years back and brought into india in fy 2017-18(NOW RESIDENT).What is the tax treatment in india now?
siva andhavarapu (ca final) (388 Points)
18 August 2018hai
Proceeds of zero tax bonds invested in usa by a non resident few years back and brought into india in fy 2017-18(NOW RESIDENT).What is the tax treatment in india now?
Gauthami
(Student CA Final )
(428 Points)
Replied 18 August 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 18 August 2018
tq madam
if a person receives any income globally , it is taxable in india if he is a resident know.In fy 2017-18 the person is resident of india
Gauthami
(Student CA Final )
(428 Points)
Replied 18 August 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 18 August 2018
tq madam
then tax to be paid or not on that zero tax bonds? while investing he was an nri and while receiving the proceeds he was a resident.
Gauthami
(Student CA Final )
(428 Points)
Replied 18 August 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 18 August 2018
but investment should done as resident know.when he invested, he was nri and the amount which he investment was already undergone tax in usa.
Gauthami
(Student CA Final )
(428 Points)
Replied 18 August 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 18 August 2018
YEAH.I UNDERSTOOD.BUT MY QUERY IS IS DIFFERENT.I AM NOT ASKING ABOUNT HIS SOURCE.I AM ASKING ONLY REGARDING HIS PROCEEDINGS FROM THAT USATAX SAVING BONDS.(INVESTMENTS ARE FROM NRI SOURCES AND PROCEEDS CAME TO HIS ACCOUNT WHEN HE WAS RESIDENT
Gauthami
(Student CA Final )
(428 Points)
Replied 18 August 2018
siva andhavarapu
(ca final)
(388 Points)
Replied 18 August 2018
YES.HE IS RESIDENT FROM FY 15-16 AND CONTINUES TO BE RESIDENT FURTHER
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
