Double Country Income

Nikhil Shah (Solution Engineer) (26 Points)

02 August 2022  

I have general inquiry on below scenario of myself moving to Singapore:

 

1. I have income in my current company till approx 20-Sep-2022

2. I will be moving to Singapore on 26-Sep-2022 and earning in Singapore dollars will be started.

 

Questions:

1. In India, FY 2022-2023 - Do I need to declare singapore earnings? Will that be taxable? I will pay tax in Singapore for 3 months as financial year ends in Dec-2022. Moreover, as per Indian FY, I will also get salary in Singapore for Jan-2023 to Mar-2023. How to consider that?

2. If I send Singapore dollars to India's NRE account, will that amount be taxable?

3. How to handle Singapore's financial year (Jan-Dec) vs India's financial year (Apr-Mar). 

 

Please suggest