Tagged Questions
4
votes
2answers
78 views
Will I have to pay taxes in India when I transfer money from a US bank to an Indian savings account?
I am currently in US, and would like to transfer some amount from my US Bank account to a savings account based in India on a monthly basis through a third party like Xoom or Transfast.
If I'm going ...
3
votes
1answer
59 views
What capital gains taxes do I owe on stock sales in India?
I would like to know about the tax details on selling stocks if I follow this procedure:
Sold stock ABC after holding it for more than a year for INR 1000 for a profit of INR 100
Bought stock BCD ...
2
votes
3answers
2k views
Indian working in US on H1B - Do I have to pay taxes on interest earned from Savings Bank Account in India
I am an Indian citizen, currently living in US. I am on H1-B visa and employed in a company. I stay there pretty much all year long. This means I will be classified as an RA (Resident Alien).
...
0
votes
2answers
218 views
Is it customary for foreign companies to add Indian TDS tax to quotations
With the TDS being a deduction 'at source' and therefore not really the responsibility of the foreign company, is it customary to mention it when quoting and Indian client?
Thanks very much.
0
votes
1answer
281 views
Tax planning for Indian TDS on international payments
I have a prospective Indian client on a reasonably big project (enough to warrant this question). India seems to have a 'TDS' tax on outgoing business payments of 21%, that is to say that any payments ...
1
vote
2answers
123 views
minimum locking period for ULIP to avail tax benefit
What is the minimum locking period in ULIP to avail tax benefit in India.
4
votes
2answers
321 views
My friend found out about FBAR some time after the fact. What can he do now?
My friend sold a property in India and he has funds in his bank account in India. He was thinking about either buying another property with that money to avoid taxes or something like that. (You have ...
4
votes
1answer
288 views
My company didn't pay taxes on my behalf
I have filed tax returns based on form 16 I got from my employer. To my surprise I get a letter from it tax department stating my claim of filling tax hasn't been found in their records and they are ...
1
vote
1answer
1k views
What are the tax liabilities for an Indian citizen working in the US?
I have an opportunity to work in the US for a period of 1-2 year.
as I have gone through the link, it suggest I don't have to pay any taxes in India as it is already included in federal tax.
I am ...
1
vote
3answers
822 views
If I am Indian citizen residing in India but earning through online freelancing in US dollars, to whom do I pay taxes?
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian ...
2
votes
2answers
558 views
If I am Indian citizen residing in US and earning there, do I have to pay taxes to India?
Say, I am an Indian citizen and living and working in US, do I still have to pay some taxes to Indian government? My first thought is why should I be paying taxes to Indian government because neither ...
