I am not getting answer of this very normal question on the internet. I was working in the US as salaried employee and as per day count I was NRI for rear 2013 and 2014, and I paid full tax on all income I earned in US and filed Tax return.
While returning to India, I had $2000 cash as Hand-money. As per the Indian Custom rule I do not have to declare it as it is less than $5000.
Now, I have kept this money and after interval of 6 month or year whenever the USD price go up, I do exchange with Indian currency and deposit in my account. Now do I have to pay Tax on this money? I have already paid tax on this money and just keeping with me for good USD price.
And other thing what shall I show in my income tax return about this money? Very thanks.