DPShah
Jan 27, 2011, 01:16 AM
My Uncle an US Citizen, is passing his old age in India and is resident as per Indian tax laws. He receives Social Security pension in form US Government, which is credited to his US Bank account and then as and when required, he seeks remittance to his Indian bank account. He also receives, Interest from bank on his Fix deposit or credit balance. He owns some shares in US.
I would be thankful to know:
1.Whether Social security pension credited in US bank account is taxable in India,
2. Whether amount remitted to Indian Bank account taxable in India ? Would it make difference if, amount now remitted is out of his savings from income earned in past?
3. Whether interest credited to US bank account taxable in India, even if not remitted to India?
3. Any Double taxation benefit available?
I would be thankful to know:
1.Whether Social security pension credited in US bank account is taxable in India,
2. Whether amount remitted to Indian Bank account taxable in India ? Would it make difference if, amount now remitted is out of his savings from income earned in past?
3. Whether interest credited to US bank account taxable in India, even if not remitted to India?
3. Any Double taxation benefit available?