My friends son is non resident indian staying in USA . He is on job visa.
he likes to avail housing loan in india for a purchase of residential unit.
he pays the income tax in US on his salary there.he has no income in india.
he has no pan card . he had been to US as a stuedent and got the job
after completion of his studies.
my question is how it will affect him if he takes the loan and lets out the residential unit
on rent. and also how it will affect him on account of capital gain tax if he sales the property in future .
according to him he has to show all income around the world to pay income tax in US.