Nri now ror

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2016 An NRI person who has come back to India 3 years ago is still holding properties and bank balances in Dubai. Is there any time limit before which he can get back these monies into India without paying tax in India? These monies were earned by him while in Dubai and are his savings.

Amol S Joglekar

Amol S Joglekar (Expert)
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27 July 2016 he can hold the same as per his wish.....
So far as income tax is concerned, the point to be noted is .....his world income is taxable in India....