I was a NRI for last 5 years. I'm moving back to India for work related activities. I will be loosing my NRI status for this financial year. I will be getting paid in both UK and India. I'm aware that I have show my world wide income while filing the papers for this year. I don't have any idea about Double Taxation avoidance laws. I read through various pdf's from the Income tax website but can't find the answer I'm looking for. Can anyone please try to help me
My income in the UK is taxed and National insurance paid there. When I show my Uk income, do I get taxed again here or will I just pay the tax for my India income ? If I'm taxed again, will the double taxation avodiance law be effective? Will I be able to reclaim my UK taxes and National Insurance? Any ideas will help
19 July 2011
HAD U GIVEN DATA ABT LAST TEN YEARS THEN A PROPER REPLY COLUD HAVE BEEN GIVEN FURHTER U HAVE NOT SHARED DETYAILS OF UR UK INCOME LIKE THE SOURCE , NATURE ETC
I moved to UK in 2006 and was working there until this month. I'm currently in India working as a Director of a Indian company owned by my UK company. I'm a normal employee in UK payroll and in India as a Director. Thus I get paid in both countries (about 70% of salary in UK and rest in India).
Its like I'm dupted from UK to India to support the business. I still hold valid UK visa permit and will travel occasionally but not more than 100 days in a year from now on.