Tax implications due to dual citizenship?


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bison   
Member since: Nov 04
Posts: 306
Location: Toronto, da BEST!!!

Post ID: #PID Posted on: 28-07-05 17:23:23

I know that the dual citizenship has been put on hold, albeit if u take it:

Any of u researched on what are the tax obligations if u have property/bank balance in india?

If ur a dual citizen and stay in india for a while, do u need to report taxes there?

Also, would we be able to trade stocks in Indian exchanges?

Any good links where we can get more info ?

Thanks, :p bison



Val   
Member since: Oct 03
Posts: 189
Location: Toronto

Post ID: #PID Posted on: 28-07-05 20:56:40

I know that the dual citizenship has been put on hold, albeit if u take it:

Any of u researched on what are the tax obligations if u have
property/bank balance in india?

None if u r a nri

If ur a dual citizen and stay in india for a while, do u need to report taxes there?

if u are nri then u have to pay tax on ur indian income above Irs. 50,000 that u earned in India.


Also, would we be able to trade stocks in Indian exchanges?

yes u can

Any good links where we can get more info ?


check any bank link of ICICIBANK.COM



mercury6   
Member since: Jan 04
Posts: 2025
Location: State of Denial

Post ID: #PID Posted on: 11-08-05 06:09:58

What do you mean that its put on hold?

Its temporrary , isnt it?


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