The undercurrent of the market was bullish as rating agency Moody's indicated a hefty inflow of 56 per cent rise in foreign direct investment in November.
The reasons range from ease of doing business, abundant English speaking workforce at lower wages, better infrastructure to government incentives.
Every person who is a resident of India must pay taxes in India on global income. Provisions tell us that they are now liable to pay taxes in both countries –India and US.
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| Market Round-up |
| 16165.09 | 350.37 |
| 4849.55 | 106.75 |
| 2141.54 | 17.78 |
| 10060.06 | 19.61 |
| 46.79 | -0.14 |
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Most Read Story
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| ET calculates the EMI for eight new models by assuming a down payment of 20%, an interest rate of 11% on a loan for five years. |
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| Investors shouldn't be overjoyed seeing the performance of gold. It is basking in glory because rupee is weakening. |
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| China investing about 2.5% of its GDP last year in S&T works out to $174 billion compared to India's 0.9% which works out to roughly $16.5 billion. |
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