Income From Invested remittance in India is taxable

Income From Invested remittance in India is taxable

Any income generated on investment of the remitted money in India would be subject to tax

Ms. Sonu Iyer, Tax Partner and National Leader, Human Capital Services, EY

Earnings in the US that are subsequently remitted to an Indian bank account are not income for Indian tax purposes and not chargeable to tax in India.

Ms. Sonu Iyer, EY

You should be able to explain the source of investment when questioned. Any income generated on investment of the remitted money in India, however, would be subject to tax.

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