Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
This query is : Resolved
08 January 2025
I was in US and became a US resident during Jan, 2024 - Dec 2024. I will be leaving US in February, 2025 and will be a NRI in India for FY 24-25. I will be a non resident in USA as well in Jan 2025 - Dec 2025. My questions are -
1. During Jan - Feb 2025 , My taxes from salary will be deducted in USA. Do i need to pay tax in India as well on the foreign income?
2. Will i be a NRI or RNOR if i spent 54 days in India in FY 24-25? My income in india is less than 3 lakh. Does non residency in Jan - March effect my residency in India?
1. During Jan - Feb 2025 , My taxes from salary will be deducted in USA. Do i need to pay tax in India as well on the foreign income?
2. Will i be a NRI or RNOR if i spent 54 days in India in FY 24-25? My income in india is less than 3 lakh. Does non residency in Jan - March effect my residency in India?
08 January 2025
1. No.
2. NRI provided you satisfy second condition for NRI. No.
2. NRI provided you satisfy second condition for NRI. No.
08 January 2025
Thank you sir. I will be in India for 54 days between 1 April, 2024 - 31 March, 2025. So I am an NRI, right?
The second condition for residency is 60 days or more and more than 365 in preceding 4 years? since i am less than 60 days, so i dont meet the 2nd condition for residency as well?
The second condition for residency is 60 days or more and more than 365 in preceding 4 years? since i am less than 60 days, so i dont meet the 2nd condition for residency as well?
08 January 2025
That is correct.
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