Our old tenant’s son is paying measly rent of rs.20/month. I am sure he has bought some residence flat somewhere, as he is doing good business of selling “Vada-pau”. he owns a mobike and cell phone . such clever tenants lease out their flats and make a source of self income,, they continue staying in chawls paying low rents, always displaying a show that they are not well off & have no income.
A person residing in US invests stocks in India. He has no other income except from stocks. If he is getting profit from short term(less than 365 days) gains, long term(more than 365 days) gains and dividends, does he need pay capital gains tax? If he does not need to pay does he need to file tax returns.
Hi, I would like to know that : I am a british citizen, residing in India and paying indian income tax on indian income and also receiving pension in UK. I am paying income tax in UK on that pension.
1. Do i have to pay income tax in India also on that pension?
2. Do i have to show this pension income to the Indian tax authority ?