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RE:Interest income received abroad
by Amitabh on Apr 25, 2007 07:17 AM

If you are an indian resident,you will have to pay tax on income earned anywhere in the world as per Indian rates.But you will get the credit of the tax you pay in the US on the income earned there as per the double taxation avoidance agreement between india and the US or as per the provisions of Sec 91 of income tax Act.

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All these incomes are tax-free