Tax rules for rnor ( resident not ordinary resident)

Anup (Product Manager) (24 Points)

29 April 2016  

 

I am working in Singapore and have NRI status from last 11.5 years. I have checked out few articles in on income tax website and understand that it will be in a RNOR category .I have not spend more than 45 days in India per year from last 10 years.

In case if I relocate back to India and sell my asset (property) and withdraw provident fund from Singapore over a period of 1-2 years. Is this  money taxable in India when transferred to India

 

Source about RNOR incometax rule

https://www.incometaxindia.gov.in/Tutorials/basic-concepts-Residential-status.pdf

https://www.incometaxindia.gov.in/Tutorials/9.%20Non-resident.pdf