Question

USA long term stock investments index funds india visa

Forum|Forum|5 years ago
August 26, 2020
1 reply
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Hello team, I came to USA on employment visa in 2018, still working and May be will continue few more years 5 or 10, planning to do long term investments in USA stock markets. I would like to know what will be the options for me to keep investments and pay taxes from India.

do I have to pay taxes to Indian government or IRS on capital gains ?

TurboTax Deluxe Online

P

pk12_2

Employee

@kumark , 1. generally while you are in the USA ( after you pass the substantial presence test ) you are taxed on your world income by the USA and during this period of residency in the USA, India will not tax your US income. 2. with a time horizon of 5-10 years it is difficult to predict how the US tax laws will change. 3. Strongly suggest at least a quick "look-over" of the US-India Tax treaty https://www.irs.gov/pub/irs-trty/india.pdf

-- especially articles 6,10,11,13, 15 and 16.

If you need more help and or have specific questions, please provide the following info : 1. Are you married and if so to US Citizen/Resident or Indian citizen; 2. do you own realestate / home here in the USA; 3. specifics of situation you are asking about -- i.e. the scenario you foresee

Namaste ji

pk