We are united states citizens, 87 and 83 years old. We are interested in knowing the Income Tax burden in India IF & When we move permanently to India. Both of us are born in India. I have been in USA for nearly sixty years and my wife came to USA some forty four years ago. Our joint income from different sources for the 2011 USA accounting year is Sixty Six thousand u.s. dollars, of which nealy 29000 USD is from U.S.Govt. pension and social securty income. The balance is 6831 interest income and 29776 from capital gain/dividend . If we move to India, our net worth will be close to $800,000 which will produce income of 5 to 8 percent (it is guess work) As over 80 yrs. We may qualify for 2.5 lakh each; our govt. pension & social security income are exempt from Indian income tax, I think. Please advise me on the assumption our income from investments is likely to be similar to 2011 tax year. The bulk of our net worth is earmarked for public charities outside of India. Any realistic tax advice is appreciated; you could reply via. My email:- [email protected]
Thanks a million

This forum deals exclusively with U.S. taxes, while your question is about the Indian tax system.

That is why you have NOT gotten any answers.

You should try posting your question to the following forum:

mytaxes - Index (http://mytaxes.in/)