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My son is a green carde holder and is submitting IT returns regularly in California,
US taxes for capital gain tax exemtion in a foreign country.
======================= My son is a green cardholder in US and is submitting his IT returns regularly inCalifornia as per US laws. He has now a problem. He disposed his residential proprty in India and was liable for capital gain tax in India. But he got exemption for the tax on investing in national savings bond in India Kindly clarify weather the exempted amount of Capital gain in india, will attract capitaL gain tax in US as per their laws Subramanian |
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