I left my US accounts (bank/trading) active when I returned 4 years back. They are active and I can trade in those accounts. I am settled in India and want to know if I trade in US market residing in India, how and where do I pay tax?
I searched and many has mentioned people are trading in US markets sitting in India, but no body has talked about tax payments (at least I could not find such thread).
I contacted few CAs but no proper answer. Some says, to avoid risk, pay tax in US and also in India (which obviously is not practical). Some says, pay tax in US and you have to pay in India only when you bring the fund here. None of them are confident, hence I am still seeking answer for this.
Appreciate if anyone has any insight about this.
I searched and many has mentioned people are trading in US markets sitting in India, but no body has talked about tax payments (at least I could not find such thread).
I contacted few CAs but no proper answer. Some says, to avoid risk, pay tax in US and also in India (which obviously is not practical). Some says, pay tax in US and you have to pay in India only when you bring the fund here. None of them are confident, hence I am still seeking answer for this.
Appreciate if anyone has any insight about this.
. IMHO I would like to keep the tax part clean, hence started this....