Hello, I'm permanent resident of India, never gone abroad. Its August 16th 2014 & I am planning to move abroad for livelihood, from India to Canada, around by 20th of September.
Options are :
a)To take a job which may provide salary, or salary+ESOPs or salary+equity;
b)Accept partnership in a business of a non-indian friend, without a salary, just equity.
I want to know the tax implications of this. Will I become an NRI if I move out India if spend less than 182 days in this financial year?
If so, do I need to file my income tax returns for year 2014-15 in my new resident country Canada without requiring to file my income tax returns here in India?
Thanks a ton in advance for helping me solve this puzzle. Thank you!!
CAclubindia
