How are Laws Established in India?

Are the tax laws of America and india are similar?

  • Hi frnds.Are the tax laws of America and India are similar?And also investing in bonds,stock market,mutual funds,real estate etc…..is similar or there are different laws for investing. in America and India?If I will take training from American investor(mentor),can I apply that India too?

  • Answer:

    No! The laws are pretty complex around here. But they are quite beneficial to Non Residents. So ideally what you would like to have here is a Good Chartered Accountant services, so that he could help you with with the specifics involved. Though not many specialize in Non-residents, so pick a good one, who is also aware of Double Taxation and stuff, so you get all tax benefits that the law provides here. ohh sorry, didnt read properly, you wanna apply things here. Hmmmm, well all the best! :)

vinod k at Yahoo! Answers Visit the source

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