Should invest this by remitting money from overseas or I should invest after I return back to India. - Should invest this by remitting money from overseas or I should invest after I return back to India. - Ask the Expert - Fee Only Investment Advisers

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Should invest this by remitting money from overseas or I should invest after I return back to India.

I am a non-resident and will be returning to India soon. I have several properties in India from which I derive rental income exceeding Rs.15 Lakhs a year. I have substantial corpus overseas amounting to 10 cr which I want to deposit with HDFC Limited for interest rate of 7.50%.

If you invest the money by remitting the money while you are still overseas you will get the advantage of paying tax @ 20% (plus applicable surcharge) even after returning to India by making the necessary declaration under Section 115H