Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Robert is a foreign citizen born in UK. His father was born in Delhi in 1954 and his grandfather was born in Amritsar in 1934 but his mother was born in USA in 1960. Robert came to India for the first time on 1 July 2020 and stayed in India for 187 days and then left for UK. Determine his residential status for A.Y.2020-21. While his stay in India, he received ‘250,000 from sale of Shares in America, is this taxable in India?
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