ISHAN
Member • Dec 5, 2013
Tax Havens: How do we invest in them?
Today, I read an article in ET, that people who wish to invest money in India through Cyprus route will be eligible for short term gains deductions. Also, if you are an NRI, when you bring money to India, it is tax free.
My question is opposite,
1.How can someone invest money in so called tax havens while sitting in India.
and
2. If anybody invests an amount say INR 1,00,000 in some foreign country bank, with 9% interest rate, the interest will be INR 9000. But He/She has earned that interest in a foreign country. So I want to avoid paying tax on INR 9000 to Indian Government (legally ). Can I do that?
P.S: These questions are based on academic curiosity.
My question is opposite,
1.How can someone invest money in so called tax havens while sitting in India.
and
2. If anybody invests an amount say INR 1,00,000 in some foreign country bank, with 9% interest rate, the interest will be INR 9000. But He/She has earned that interest in a foreign country. So I want to avoid paying tax on INR 9000 to Indian Government (legally ). Can I do that?
P.S: These questions are based on academic curiosity.