Monday , July 23 2018

Is My Income Earned Abroad Taxable?

An NRI’s income taxes in India will depend upon his residential status for the year.

If your status is ‘resident,’ your global income is taxable in India. If your status is ‘NRI,’ your income which is earned or accrued in India is taxable in India.

Salary received in India or salary for service provided in India, income from a house property situated in India, capital gains on transfer of asset situated in India, income from fixed deposits or interest on savings bank account are all examples of income earned or accrued in India.

These incomes are taxable for an NRI. Income which is earned outside India is not taxable in India. Interest earned on an NRE account and FCNR account is tax-free. Interest on NRO account is taxable for an NRI.

About Atuel Vaja

I am Atul, I wanted to share my blog, NRI guide. I am an amateur blogger, who love writing view and helping people. The original idea was to feel the experience of travelling alone 75% of the time and 25% within a group. Things began changing when the people around me started thanking me for the travelling information I shared, they insisted me to open a blog, so that the benefit could be availed by many. This noble idea was put into practice with NRI guide. I wish you all a happy and safe journey.

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