Nri income tax question, please help??

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 07 August 2015

It depends on how its paid but Dubai income after NRI period will be tax free. The other income is taxable as income is deemed to be accruing in India. You also have to pay advance tax depending on the tax amount.

Anita Chinnari (practice) (30 Points)
Replied 07 August 2015

Hey simran Can u plz let me knw what type of work you are involved with US clients as you said mainstream of income is from them..can u brief me d nature of income ....send me a mail anitachinnari @ gmail.com / anita @ vnv.ca Regards, Anita Chinnari 9819445021

Suren (ASE) (117 Points)
Replied 07 August 2015

Hi ,

I am not an expert but here are my views on this ..
1. Will the income that was generated upto now in this FY be taxed in India?

-- The income that is generated in India will be taxed in India.

2. Will the income that will be generated from now on when I am in Dubai be taxed in India?

- Depends on your residential status . If your status remained as NRI , then NO.

3. I do not want to change the bank account settings just yet, so the payment from US clients will continue to deposit in the Indian savings a/c. If I receive the income in Indian a/c will I be taxed since the income might seem like was generated in India? (This is most confusing query, please help)

-- You are not allowed keep savings account in India if your status is NRI or non-resident.

Thanks

Suren

Shreekar Pai (B.Com) (28 Points)
Replied 07 August 2015

After going to dubai if your money directly received by Indian bank , then it is taxable as income received in india (Even if you are NRI )

suresh Agarwal (CA) (34 Points)
Replied 07 August 2015

Yeah income received in India directly in bank is taxable in India and income earned earlier in India is taxable in India but if during the financial year if leave in Dubai 182 days due to employment and income earned out side India and received out side India is not taxable in india

Siddharth (article) (96 Points)
Replied 08 August 2015

As per my view income recd abroad when ur status is nri is totally tax free as it is just remittances of money earned abroad as income not accrued or arise in india mere receiving foreign income in indian saving ac not liable u to pay tax in india

suresh (proprietor) (425 Points)
Replied 09 August 2015

You must change your bank account once u become an NRI for two reasons 1 You be an NRI open an NRE accont 2. get remmitance of your U.S. income directly to an account out side India to avoid confusions about the perview of income accrue and arise in INDIA.