r2i forum

Thanks for your reply. Hope you had a great trip. My colleague would be NRI only after spending more than 183 days outside India, which would start from October 2012. Thus, technically, we both are residents of India. Can you elaborate your point # 2.01 and 2.02? What supporting facts and ...

My colleague and I moved to India in 2008. Now, my colleague is moving back to USA and I have decided to stay in India. My colleague wants to transfer his Indian Rupees saving to US and I want to bring my US savings to India. We both have used banks to transfer our money. However, we have lost a lot ...

Dear Rajesh, My colleague and me moved to India in 2008. Now, my colleague is moving back to USA and I have decided to stay in India. My colleague wants to transfer his Indian Rupees saving to US and I want to bring my US savings to India. We both have used banks to transfer our money. However, we ...

Anuj, Thanks for your reply. I really appreciate it. However, please refer to article by Shalini Jain (Sr. Tax Professional, Ernst & Young) in the "Wealth" section of the Economic Times (Aug. 29-Sept 4, 2011). As per this article, overseas shares held for more than 12 months will attract LTCG, and ...

Dear Rajesh, Please refer to article by Shalini Jain (Sr. Tax Professional, Ernst & Young) in the "Wealth" section of the Economic Times (Aug. 29-Sept 4, 2011). As per this article, overseas shares held for more than 12 months will attract LTCG, and with indexation you pay 20% tax on it. This ...

Hi, I am Indian resident (ROR) and citizen. I am NRA with respect to USA. 1) I have sold shares of a NASDAQ listed company in Feb. 2011 [which were purchased in June 2008 when I was living in the USA as a NRI] with some capital gains. Do these gains qualify as LTCG as per Indian Tax law? What would ...

Hi, I am Indian resident and citizen. I am NRA with respect to USA. 1) I have sold shares of a NASDAQ listed company in Feb. 2011 [which were purchased in June 2008 when I was living in the USA as a NRI] with some capital gains. Do these gains qualify as LTCG as per Indian Tax law? What would be the ...